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Friday, July 4, 2014

INDIAN BENCHMARKS end at record highs… Nifty tops 7,750.

INDIAN EQUITY BENCHMARKS recouped from their day's lows in late trades to end at fresh record closing highs on hopes that the Finance Minister in his maiden Budget next week would announce reforms to revive economic growth.

Further, Jain Irrigation Systems ended up 5% after the company said it has been issued a Letter of Intent for project by Himachal government involving an outlay of approximately Rs 100 crore. Amtek Auto has dipped 3.7% after Citigroup sold over two million shares worth Rs 53 crore of the company through open market.

The crucial resistance for Nifty
is now seen at 7785 and above this 7820.Support for the immediate term is now placed at 7660 and next support will be 7620.

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