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Monday, 17 August 2015

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INDIAN BENCHMARKS , Monday Blues: Shaky start to the Week

INDIAN EQUITY BENCHMARKS fell on Monday, led by selling in blue chip stocks as weak Asian markets, a lacklustre parliament session and the absence of any positive earnings trigger weighed on sentiment. The S&P  BSE Se nsex and CNX Nifty ended 0.67%-0.48% lower each.

Headlines for the day:

·         Nitin Fire jumps 10%; Amitabh Bachchan buys stake
·         Exports contract to 10.3% in July
·         Punj Lloyd tanks post Q1FY2016 earnings

The crucial resistance for Nifty is now seen at 8555 and above this 8595. Support for the immediate term is now placed at 8455 and next support will be 8415.

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