Market Update: Nifty – Bank Nifty Trading Tips for the day of 07 December 2017

Nifty Trading Tips 07 December 2017: Nifty and sexnsex indices extended gains in Thursday trade , auto sector shine in morning trade.

Check: How to trade in nifty options for intraday gain

Nifty Trading Tips 07 December 2017

The BSE Sensex was trading at 32746.61 up 149.43 (0.46%) and the Nifty trading at 10095.50 up 51.10 (0.51%) points Maruti suzuki and Bajaj Auto are top gainers.

Nifty Trading Tips 07 December 2017

Nifty Future: Buy Nifty Future 28 Dec 2017 contract around 10115 stop loss 10092 target 10135 – 10145

Bank Nifty Future: Buy Bank Nifty Future 28 Dec 2017 Contract around 25020 stop loss 24960 target 25080 – 25115

Reliance: Buy Reliance Future 28 Dec 2017 Contract around 928 stop loss 924 target 935 – 939

Stock in News: L&T subsidiary L&T Hydrocarbon Engineering has won order valued over Rs 1,600 crore from HPCL, Visakhapatnam Refinery.

The project is a part of HPCL Visakh Refinery Modernisation Project and involves engineering, procurement, construction and commissioning of 3.053 MMTPA full conversion hydrocracker project,” L&T said.

Nifty Trading Tips 07 December 2017

IPO: The initial public offer of Shalby, the Ahmedabad-based multi-specialty hospital chain, was subscribed 46 percent as on the second day of the bidding Wednesday.

The IPO, which aims to raise Rs 504 crore, received bids for over 66 lakh shares as against the total issue size of 1.45 crore — a subscription of 46 percent — data available with the National Stock Exchange (NSE) showed.

The initial share sale, which opened to public subscription yesterday, will close tomorrow. Shalby on Monday raised over Rs 150 crore from anchor investors.

Source : Moneycontrol

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