Monday, August 31, 2015

CapitalStars Updates: INDIAN EQUITY BENCHMARKS WRAPUP

CapitalStars Updates:

INDIAN EQUITY BENCHMARKS shares ended nearly 0.5 percent lower on Monday as concerns about a deficient monsoon and weak rupee curtailed optimism around likely strong GDP data due later in the day. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.38% lower each.

Headlines for the day: 

  • L&T wins water supply project worth Rs1489 crore
  • UltraTech to hike capacity to 71 mt by this fiscal
  • Annual report analysis; maintain Buy with a revised Price Target               

The crucial resistance for Nifty is now seen at 8219 and above this 8154. Support for the immediate term is now placed at 7948 and next support will be 7785.

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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.

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