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Tricks and Tips

Tuesday 7 July 2015

INDIAN EQUITY MARKET WRAPUP-07 JULY 2015


INDIAN BENCHMARKS edge lower tracking weak Asian markets                                                            
INDIAN EQUITY BENCHMARKS  ended marginally lower on Tuesday, after hitting their highest intraday level in nearly 2-1/2 months, tracking weakness in Asian peers, which fell nearly 1 percent. The S&P BSE Sensex and CNX Nifty ended 0.13% lower each.                                                
Headlines for the day:                                                                      
JLR June 2015 UK Registration volumes up 24.5% YoY.
Q1FY2016 Telecom results preview.
Earnings preview: IT Q1FY2016 earnings preview.
Q1FY2016 Auto earnings preview.
The crucial resistance for Nifty is now seen at 8570 and above this 8615. Support for the immediate term is now placed at 8475 and next support will be 8425.
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