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Friday, October 30, 2015

Equity Tips
INDIAN BENCHMARKS  record worst week in 2 months
                                                                 
INDIAN EQUITY BENCHMARKS  markets fell on Friday, posting a fifth consecutive fall in their worst weekly performance in two months, as disappointing results from ITC and Larsen & Toubro raised concerns about the health of the corporate sector. The S&P BSE Sensex and CNX Nifty ended 0.68% and 0.57% lower each.
                                                                                                                                           
Headlines for the day:
Kotak Mahindra Q2 consolidated net profit at Rs942 cr (YoY)
Ajanta Pharma Q2 consolidated net profit at Rs100 cr (YoY)
ICICI Bank Q2 net profit meets estimates
L&T disappoints in Q2FY2016 with poor margin

RESULT’S ON 2ND  NOV:  ORIENTAL BANK, UNITED SPIRITES, INDIACEM   ,ADANIPORT , UBL .
                       
The crucial resistance for Nifty is now seen at 8150 and above this 8195. Support for the immediate term is now placed at 8055 and next support will be 8015.

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