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Friday, December 12, 2014

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INDIAN BENCHMARKS dismal end...Nifty shuts below 8250
INDIAN EQUITY BENCHMARKS fell for a fifth session in six  to post its worst weekly loss since July as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel.
JLR November 2014 global retail volumes down 2.1% YoY
Union Minister: revival of 6-7 fertilizer mfg facilities done
Further ,TTK Prestige FY15 sales guidance revised to 12-14%

The crucial resistance for Nifty is now seen at 8375  and above this 8435. Support for the immediate term is now placed at 8260 and next support will be 8195.

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