Equity Trading Tips for June 24,2014

ECONOMY ANALYSIS
 Nifty ends below 7500; ITC tanks 6%, ONGC gains 5%, BHEL
     up
 ITC tanks 5%, likely tax hike on cigarettes worry investors
 Sugar import duty raised to 40%, relief proposed for mills
 AstraZeneca shares jump 12%; shareholders approve delisting
 Motilal Oswal invests Rs 75 cr in Glass Wall Systems
 
MARKET ANALYSIS
 The Nifty pared most of the intraday losses towards the end of the session
     but closed below 7,500 due to profit booking in FMCG and technology
     sectors.
 It ended at 7,499.30, down 12.15 points or 0.16 per cent. It touched
     intraday high of 7,534.80 and a low of 7,441.60 in trade today. The index
     had slipped below 20-DMA for the first time since May 8.
 The S&P BSE Sensex closed at 25,031.32, down 74.19 points or 0.30 per
     cent. It touched intraday high of 25,197.50 and a low of 24,878.66 in trade
     today.
 The market breadth was positive on the NSE with 511 gainers against 429
     losers.
 The foreign institutional investors sold shares worth Rs 220.65 crore while
     domestic institutional investors were net buyers worth Rs 73.85 crore on
     Friday as per the provisional data from the National Stock Exchange.

Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.