INDIAN EQUITY MARKET WRAP UP-16 DEC 2014

Equity Tips, Stock Tips, Share Tips, Nifty Tips, Nifty Futures Tips

INDIAN BENCHMARKS faces global jitters; Rupee hits 13 month low

                                                                                                                                                                                        INDIAN EQUITY BENCHMARKS  slumped as much as 2% on Tuesday, marking its biggest daily fall in more than five months, on worries a weakening rupee amid continued global turmoil may force the central bank to delay expected cuts in interest rates. The S&P BSE Se nsex and CNX Nifty ended 1.97%-1.85% lower each.

· OMCs cut prices of Petrol and diesel by Rs2 per litre

· Stock which surprises Street in weak markets

· Further , Tata Motors drops on disappointing JLR sales

The crucial resistance for Nifty is now seen at 8215 and above this 8285 . Support for the immediate term is now placed at 8095 and next support will be 8045.

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