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Tricks and Tips

Monday 18 May 2015

INDIAN EQUITY MARKET WRAPUP-18 MAY 2015

INDIAN BENCHMARKS gain over 1 pct on forecast of timely monsoon

                                                                 
INDIAN EQUITY BENCHMARKS  rose nearly 1.5 percent on Monday, their second consecutive session of gains, as blue-chips rose after forecast of a timely monsoon raised hopes the central bank would lower interest rates in June. The S&P BSE Sensex and CNX Nifty ended 1.33-1.35% higher each.                                                                                                       

Headlines for the day:

GSK Pharma Q4 net profit comes at Rs103 crore

Asian Paints Q4 earnings disappoints; Consolidated Net profit at 341 cr

Take Solution Q4FY2015 PAT doubles.

 Results on May 19, 2015

AIA Engineering, Pidilite Industries, Tata Power, Colgate-Palmolive

The crucial resistance for Nifty is now seen at 8415 and above this 8475 . Support for the immediate term is now placed at 8325 and next support will be 8275.
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