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Tuesday, September 9, 2014

Equity Tips
INDIAN BENCHMARKS slip on profit taking… Nifty holds 8,150

INDIAN EQUITY BENCHMARKS ended lower, amid weak European cues, as investors turned cautious and booked profits at higher levels after hit fresh record highs in the previous session.

Hindalco ended down 0.6% ahead of the SC verdict on the Mahan Coal block allocated to the company eight years ago to feed its aluminium plant in Madhya Pradesh.

Further, Larsen & Toubro acquired 50% of the stake in L&T-Ramboll Consulting Engineers Ltd (LTR) from its joint venture partner Ramboll Denmark AS.

The crucial resistance for Nifty is now seen at 8180 and above this 8210. Support for the immediate term is now placed at 8125 and next support will be 8105.


Watch out for the CPI and IIP data on 12TH Sep. 2014.

Watch out for the Trade balance ,Export and Import data on 12TH Sep. 2014.

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