INDIAN EQUITY MARKET WRAP UP-17 APRIL 2015

Nifty Futures Tips

INDIAN BENCHMARKS hit near two-week low; tech stocks drag ll for second straight day; tech stocks down

INDIAN EQUITY BENCHMARKS  fell for a third consecutive session on Friday, heading towards its lowest close in two weeks as IT exporters declined on concerns over fourth-quarter earnings after bellwether TCS results failed to cheer investors

Headlines for the day:
CRISIL Q1 consolidated net profit down 18% (YoY)
Bharat Forge drops after BofaML downgrades
IT stocks in limelight on disappointing Q4 nos from TCS

The crucial resistance for Nifty is now seen at 8695 and above this 8750. Support for the immediate term is now placed at 8605 and next support will be 8570.

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