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Wednesday, January 1, 2014

INDIAN BENCHMARKS falls flat on New Year eve

INDIAN BENCHMARKS ended flat, it was a lacklustre session as the norm on the first day of 2014. Key benchmark indices remained flat as volumes remained dull in frontline stocks, a day after world bid good riddance to another year of weak macros.

Further, United Breweries Holdings up 20% after the promoter of the company increase its stake through open market transaction. Ashoka Buildcon has galloped 17% after the company has received Letters of Acceptance (LoA) for the contracts aggregating Rs 596 crore.

The crucial resistance for Nifty is now seen at 6327 and above this 6345. Support for the immediate term is now placed at 6275 and next support will be 6260.


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