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Thursday, September 10, 2015

Equity Tips

INDIAN BENCHMARKS fall as China data reinforced global growth fears
                                                                 
INDIAN EQUITY BENCHMARKS  fell on Thursday, hovering near over one-year low touched earlier this week, tracking declines around the region after lacklustre Chinese economic data added to heightened worries about the global economy. The S&P BSE Sensex and CNX Nifty ended 0.38%-0.39% lower each.
                                                 
Headlines for the day:
JLR August 2015 global retail volumes down 3% YoY
Domestic car sales rise 6% in August
Recent correction provides good entry point
                       
The crucial resistance for Nifty is now seen at 7875 and above this 7905. Support for the immediate term is now placed at 7775 and next support will be 7725.

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