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Tricks and Tips

Monday 3 August 2015

INDIAN EQUITY MARKET WRAPUP - 03 AUG 2015

Equity Market Tips, intraday stock cash tips, intraday trading tips, Share Market live, Stock Cash Premium Tips, stock trading tips,

INDIAN BENCHMARKS gain for a fourth consecutive session
                                                                
INDIAN EQUITY BENCHMARKS  rose on Thursday, posting their second consecutive session of gains, backed by strong earnings of Bank of Baroda and Dr Reddy's Laboratories while continued optimism over the proposed national tax bill also helped. The BSE index ended higher 0.51 percent, while the NSE index closed up 0.56 percent.
Headlines for the day:
HCL Tech Q4FY15 revenues inline, Margins miss estimates.
Manufacturing PMI grows at fastest pace in 6 months in July.
Petrol price cut by Rs2.43; Diesel by Rs3.60 a litre.
SSWL records highest ever monthly sales turnover and volume.                                                                 
The crucial resistance for Nifty is now seen at 8605 and above this 8650. Support for the immediate term is now placed at 8525 and next support will be 8495.

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