Sensex, Nifty Flat – Nifty Tips Today(7 February 2017)

The Indian stock market opened moderately lower on Tuesday as investors awaited monetary policy committee decision due tomorrow. The BSE Sensex was down 11.54 points at 28427.74 and the 50-share NSE Nifty fell 8.35 points to 8792.70. ITC, BHEL, Sun Pharma, Wipro, GAIL, Aurobindo Pharma and IndusInd Bank were early gainers while Dr Reddy’s Labs, ICICI Bank, Bharti Airtel, Axis Bank, ONGC, ACC and Eicher Motors were under pressure. The Indian currency Rupee started off the day on a weak note with all eyes on RBI policy tomorrow. The currency opened at 67. 29 per dollar, with the loss of 8 paise against yesterday’s closing of 67.21 per US Dollar.

Nifty Tips Today

POINT OF VIEW
TREND: BULLISH TO CONSOLIDATE
RESISTANCE: 8820, 8870
SUPPORT: 8770, 8720
STRATEGY: BUY ON DIPS

Stocks in News Today: Shakti Pumps, Triveni Engineering, Bombay Dyeing

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