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Tuesday 24 February 2015

INDIAN EQUITY MARKET WRAPUP -24 FEB 2015

Equity Trading Tips , Stock Cash Premium Tips
INDIAN BENCHMARKS edged higher; defensive stocks up
INDIAN EQUITY BENCHMARKS  edged higher as investors churn portfolio in favor of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each.
 
·HOEC soars on stake buy reports.
·Rail shares plunge ahead of Budget 2015.
·Indian hotel industry revenues to grow by 9-11% in FY2016.
The crucial resistance for Nifty is now seen at 8845 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.
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