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Friday, March 3, 2017

Equity Tips

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT AFTER A VOLATILE SESSION

The market recovered from the day's lows and closed almost flat. The Nifty regained its 8900-mark. However, the index posted its first weekly loss since January 22. Midcap stocks outperformed.

The Sensex was down 7.34 points at 28832.45, while the Nifty was down 2.20 points at 8897.55. However, the market breadth was still marginally in the negative zone.
About 1,389 shares had advanced, 1,442 shares had declined, and 174 shares remained unchanged.

HEADLINES OF THE DAY
Alembic Pharma’s partner launches depression treating drug.
Tata Motors (JLR) unveils new Range Rover “Velar”.
GST Bill to make peak tax rate 40%, slabs intact for now.

The crucial resistance for Nifty spot is now seen at 8970 and above this 9020 Support for the immediate term is now placed at 8865 and next support will be 8808.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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