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Tuesday, June 16, 2015

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INDIAN BENCHMARKS rebound on value buying
INDIAN EQUITY BENCHMARKS on Tuesday, rebounding from intraday falls of nearly 1 percent, on value buying at lower levels while a rally in Indonesia, which alongside Indian stocks is among the worst performers of the region this year, also helped. The S&P BSE Sensex and CNX Nifty ended 0.38-0.42% higher each.
Headlines for the day:
May Trade Deficit at 3-month Low
Petrol price up by Rs0.64, Diesel cut by Rs1.35 a litre
Gold imports rose 10.47% to $2.42bn in May

The crucial resistance for Nifty is now seen at 8065 and above this 8125. Support for the immediate term is now placed at 7944 and next support will be 7875.

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