INDIAN EQUITY MARKET WRAP UP-20 JAN 2015

Nifty Futures Tips

INDIAN BENCHMARKS surge to record high; blue-chips gain

INDIAN EQUITY BENCHMARKS surged to a record high as metals stocks advanced after China's economic growth data came in slightly better than expected, while blue chips were underpinned by widespread confidence about the domestic economy. The S&P BSE Sensex and CNX Nifty ended 1.85% and 1.69% higher each..

·Axis Kotak Mahindra Bank Q3 earnings In-Line

·South Indian Bank reports weak Q3 nos

·REI Agro ltd hits 5% lower circuit

The crucial resistance for Nifty is now seen at 8735 and above this 8815. Support for the immediate term is now placed at 8625 and next support will be 8575.

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