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Thursday, September 18, 2014

Equity Tips
INDIAN BENCHMARKS gain most in over three months

INDIAN EQUITY BENCHMARKS surged nearly 2 percent, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals.

Sun Pharmaceutical Industries gained 1.6 percent after Merck & Co Inc said it had licensed its experimental psoriasis drug to the company.

Further, Zee Entertainment Enterprises moved higher by nearly 6% ahead of its entry into the 50-share CNX Nifty index from tomorrow.

The crucial resistance for Nifty is now seen at 8120 and above this 8180. Support for the immediate term is now placed at 7940 and next support will be 7865.

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