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Tuesday, October 20, 2015

Equity Tips
INDIAN BENCHMARKS edge lower on Asian shares, snap 3-day gaining streak
                                                                 
INDIAN EQUITY BENCHMARKS edged lower on Tuesday after hitting two-month highs earlier in the session, tracking falls in Asian equities and as investors booked profits after three consecutive sessions of gains.
                                                             
Headlines for the day:
Kajaria Ceramics Q2 consolidated net profit up 48% (YoY)
Muted Q2 for Welspun India
Bajaj Finance reports robust Q2 earnings; stable asset quality
Jyothy Labs Q2 beats street
                     
The crucial resistance for Nifty is now seen at 8295 and above this 8325. Support for the immediate term is now placed at 8225 and next support will be 8195.

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