INDIAN EQUITY MARKET WRAP UP-27 MARCH 2015

Nifty Futures Tips

INDIAN BENCHMARKS post third straight weekly loss

INDIAN EQUITY BENCHMARKS closed little changed after a volatile session on Friday, posting their third consecutive weekly loss on concerns about rising tensions in the Middle East. The S&P BSE Sensex rose 0.10% and CNX Nifty ended 0.01% lower today.                             

• RPG Life Sciences hits record high
• Chambal Fertilizer Jan-Mar results to be weak – Negative
• HUL volume growth likely to sustain in Q4FY2015

The crucial resistance for Nifty is now seen at 8485 and above this 8525. Support for the immediate term is now placed at 8325 and next support will be 8270.

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