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06 JANUARY 15
www.trifidresearch.com
MARKET GOSSIPS
FOURTH UMPIRE
Nifty ends flat with negative
bias; IT shares slump.
Housing finance stocks were in
demand; LIC, DHFL hits new
high.
L&T gains 2%; bags new order
S
worth Rs 4,006 crore.
S
Maruti gains; CLSA retains buy
on launch & exports.
IRB dips 8%; CBI conducted raid
at pune office.
MARKET POSITIONS
INDEX
VALUE
Markets after a strong closing in the
previous session could not hold on
higher levels and profit booking at
these levels dragged the indices
towards their immediate support
side closing with negative bias. Nifty
future was unable to hit 8500 mark
and gradual selling took it towards
the psychological support of 8400.
Strength is again expected if it
sustains in the resistance range of
8470-8500.
Now,
immediate
support is seen near 8370 and any
closing below this will lead to bears.
TREND: SIDEWAYS
SUPPORT : 8390 & 8350
RESISTANCE: 8470 & 8520