INDIAN BENCHMARKS fall on profit taking
INDIAN BENCHMARKS fall on profit taking, bank stocks slump .Profit-taking in blue-chips such as ICICI Bank hit Indian shares on Tuesday, reversing some of the previous session's gains on doubts about how quickly the Iranian nuclear accord would translate into higher supplies that pressure oil prices.
Further, Reliance Industries may be allowed to hike rates for its gas from April after it offered financial guarantees to the government to settle any claims against it over a shortfall in its gas output, the petroleum minister said.
The crucial resistance for Nifty is now seen at 6125 and above this 6215. Support for the immediate term is now placed at 6030 and next support will be 5970.
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