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Wednesday, October 21, 2015

Equity Tips

INDIAN BENCHMARKS count losses for second straight session
                                                                 
INDIAN EQUITY BENCHMARKS  edged slightly lower on Wednesday for a second straight session as a steep fall in Chinese markets revived global risk aversion, while caution ahead of key corporate earnings also weighed on sentiment.
                                                               
Headlines for the day:
Bajaj Auto Q2 topline; profit beats estimate
HDFC Bank Q2 Profit, NII meet street
M&M Financial Q2 consolidated net profit down 28% (YoY)
IRB Infra Q2 profit beats est; margins disappoint
                     
The crucial resistance for Nifty is now seen at 8315 and above this 8355. Support for the immediate term is now placed at 8275 and next support will be 8215.

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