INDIAN EQUITY BENCHMARKS fell for a fifth consecutive session on Friday to post its worst weekly fall since December 2011, continuing to reel after a forecast for weaker-than-expected monsoon raised fears the central bank would not cut rates again this year. The S&P BSE Sensex and CNX Nifty ended 0.17-0.20% lower
Headlines for the day:
- Nestle drops on withdrawal of Maggi noodles in India after food scare
- Lupin gets USFDA approval of Exforge HCT
- Third round of coal auction to be conducted in August
The crucial resistance for Nifty is now seen at 8225 and above this 8275. Support for the immediate term is now placed at 8095 and next support will be 8050.
CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
