Market Outlook for 15 July 2016
Indian markets are expected to open higher and head further north during the day having crossed crucial resistance levels of 8544. SGX Nifty was trading at 8619 up 38 points at 8:15 a.m. Most European markets closed with decent gains with DAX up 1.41%, CAC up 1.1% and FTSE marginally down at -0.2%. US markets hit fresh 52 week highs with DOW30 closing at 18506. Most Asian markets are trading in green.
TCS announced it’s Q1 results yesterday which was largely in line with our expectations. Infosys and Reliance results will be announced today.
NIFTY RESISTANCE : R1 8618, R2 8680, R3 8730
NIFTY SUPPORT : S1 8544, S2 8480, S3 8433