INDIAN EQUITY MARKET WRAP UP-13 JULY 2015

Nifty Futures Tips

INDIAN BENCHMARKS post biggest single-day gain in 3 weeks
                                                                    
INDIAN EQUITY BENCHMARKS  ended more than a percent higher on Monday with blue-chips leading the gainers on rising risk appetite after euro zone leaders clinched a deal with Greece to negotiate a third bailout. The S&P BSE Sensex and CNX Nifty ended 1.08%-1.19% higher each.
                                                   
Headlines for the day:      
                                                                            
Sintex Industries drops post Q1 earnings
IndusInd Bank Q1 profit beats estimates
IIP growth for May 2015 declines to 2.7%

The crucial resistance for Nifty is now seen at 8505 and above this 8555. Support for the immediate term is now placed at 8415 and next support will be 8375.