Monday, 18 August 2014
INDIAN EQUITY BENCHMARKS ended at fresh life time high
on positive global cues and a sharp decline in crude oil prices.
·
Tata Motors DVR jumped 5.6 percent after
a report in the Times of India newspaper that Indian exchanges may consider
admitting such shares on their benchmark indexes.
·
Further, Jubilant Foodworks gained 6.2
percent after Bank of America Merrill Lynch started coverage with a buy rating
and a target price of 1,375 rupees, saying the company is in a "sweet
spot" in the large and high-growth quick service restaurants market.
The crucial resistance for Nifty is now seen at 7910
and above this 7945. Support for the immediate term is now placed at
7780 and next support will be 7740.
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