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Thursday, March 23, 2017

Equity Tips

After witnessing an over 300-point crash on the Nifty on Wednesday, the market on Thursday ended the day on a positive note.
The 30-share Sensex was up 164.48 points at 29332.16, while the Nifty was up 49.80 points at 9080.25. The market breadth was narrow as 1,678 shares advanced against a decline of 1,131 shares. Around 204 shares were unchanged.

Tata Motors, Yes Bank and NTPC were top gainers on both the indices, while TCS, ITC and Eicher Motors were the top losers.

HEADLINES OF THE DAY
IOCL plan to negotiate deal with Petrobangla to export regasified LNG.
M&M subsidiary sells 100% stake in MICPL.
Dilip Buildcon rises on signing MoU with Shrem Infraventure.

The crucial resistance for Nifty spot is now seen at 9130 and above this 9175 Support for the immediate term is now placed at 9003 and next support will be 8920.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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