Thursday, August 27, 2015

INDIAN EQUITY MARKET WRAP UP-27 Aug 2015

Equity Tips Stock Cash Calls,Equity Tips
INDIAN BENCHMARKS post biggest single-day percentage gain since Jan 15
                                                                   
INDIAN EQUITY BENCHMARKS  gained more than 2 percent on Thursday, heading for their biggest daily gains in two weeks, as upbeat global equity markets sparked a wave of bargain-hunting ahead of the expiry of derivative contracts at the end of the session. The S&P BSE Sensex and CNX Nifty ended 2.01%-2.02% higher each.
                                                 
Headlines for the day:
Stock Idea – Big gains in small pack
Recent correction gives a buying opportunity
Government may pare stakes in some banks to 33%
                         
The crucial resistance for Nifty is now seen at 8025 and above this 8075. Support for the immediate term is now placed at 7925 and next support will be 7895.

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