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Monday, May 11, 2015

Equity Tips Stock Cash Calls,Equity Tips
INDIAN BENCHMARKS hits over two-week closing high on rate-cut hopes

INDIAN EQUITY BENCHMARKS rose on Monday, marking its highest close in over two weeks as lenders surged on hopes that upcoming inflation and factory data, and China's latest round of monetary easing may prompt the central bank to ease its policy for the third time this year. The S&P BSE Sensex and CNX Nifty ended 1.48-1.63% higher each.                                                                                                        
Headlines for the day:
Domestic car sales up 18.1%, bikes down 2.7% in April
BOB Q4 profit Below Est; Gross NPAs Improve to 3.72%
Adani Power Q4 consolidated net profit at Rs715 cr (YoY)

The crucial resistance for Nifty is now seen at 8388 and above this 8425 . Support for the immediate term is now placed at 8240  and next support will be 8185.

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