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Friday, October 9, 2015

Equity Tips
INDIAN BENCHMARKS gain on Fed rally; post best week since mid-June
                                                                 
INDIAN EQUITY BENCHMARKS rose to a seven-week high on Friday, and were headed for a second consecutive weekly gain, tracking a rally in Asian markets after minutes from the Federal Reserve's latest meeting quelled expectations of an imminent U.S. rate hike. The S&P BSE Sensex and CNX Nifty ended 0.87% and 0.74% higher each.
                                                                 
Headlines for the day:
IndusInd Bank Q2FY16 results – Strong Performance
Patanjali ties up with Future group for distribution
Domestic car sales rise 9.5% in September
                       
The crucial resistance for Nifty is now seen at 8255 and above this 8295. Support for the immediate term is now placed at 8150 and next support will be 8105.

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