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Thursday, February 26, 2015

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INDIAN BENCHMARKS fall nearly 1 pct on profit-taking, derivatives expiry

INDIAN EQUITY BENCHMARKS  fell 1%  led by profit-taking in software stocks such as Infosys Ltd, while caution also prevailed on expiry of derivative contracts and federal budget on Saturday. The S&P BSE Sensex and CNX Nifty ended 0.90%-0.95% higher each
                               
Initial reaction to Rail Budget: Big on vision but lacks specifics
Freight rates hiked for coal, cement, iron & steel
Suresh Prabhu Presents Rail Budget 2015

The crucial resistance for Nifty is now seen at 8775 and above this 8850. Support for the immediate term is now placed at 8665 and next support will be 8625.

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