INDIAN EQUITY MARKET WRAP UP-22 JAN 2015

Nifty Futures Tips

INDIAN BENCHMARKS surge to record high for 3rd straight day

INDIAN EQUITY BENCHMARKS hit record highs for the third straight day, led by blue-chips, tracking firm trends across the region and on optimism that the government will continue with the reform agenda. The S&P BSE Sensex and CNX Nifty ended 0.41% and 0.37% higher each.

·Dish TV India Q3 net loss at Rs3 cr (YoY)

·Supreme Industries posts
decent volume growth for Q2FY15

·Muthoot Finance Q3 net profit slips 20% (YoY)

The crucial resistance for Nifty is now seen at 8795 and above this 8850. Support for the immediate term is now placed at 8705 and next support will be 8650.

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