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Thursday, May 21, 2015

INDIAN EQUITY MARKET WRAP UP-21 May 2015

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INDIAN BENCHMARKS end little changed in range bound trade
                                                                   
INDIAN EQUITY BENCHMARKS ended little changed on Thursday, but still became the third best performing market in Asia Pacific so far this month amid resumption of buying by foreign investors and forecast of a timely monsoon. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.03% lower each.
                                                           
Headlines for the day:
Bajaj Auto Q4 margins disappoint; Weak Operational Performance
ZEE Entertainment Q4FY15 revenues exceed expectations
CESC Q4FY2015 posts flat earnings growth

The crucial resistance for Nifty is now seen at 8450 and above this 8480 . Support for the immediate term is now placed at 8386 and next support will be 8352.

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