INDIAN EQUITY MARKET WRAP UP-19 MAY 2015

Nifty Futures Tips

INDIAN BENCHMARKS give up gains on late profit-booking
                                                                    
INDIAN EQUITY BENCHMARKS  rose 0.4 percent on Tuesday, heading towards their third consecutive session of gains, as continued hopes for an interest rate cut at the central bank's policy meeting next month lifted lenders and capital goods makers. The S&P BSE Sensex and CNX Nifty ended 0.15-0.10% lower each.                                                                                                         
Headlines for the day:
ITNL Q4FY2015 lower execution dents earnings
Colgate Palmolive net profit up 24%
Sterlite Technologies maintains uptrend

Results on May 20, 2015
Bajaj Finserv, DLF, Bajaj Finance, Tata Steel, Lakshmi Machine Works, Bharat Forge

The crucial resistance for Nifty is now seen at 8416 and above this 8467 . Support for the immediate term is now placed at 8324 and next support will be 8283.

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