*Weekly Technical View by Tanmay G Purohit:*

*Nifty (4945) closed down by 138 points or 2.72% compared to last week and
it is the lowest closing in 4 weeks. FMCG, METALS and PHARMA stocks were
gainers this week - HUL +8%, TATA STEEL +4%, JSL +8%, LUPIN +8%, AUROPHARMA
+4%. Telecom stocks got de-rated this week post tariff war, which hammered
four days of this week - RCOM plunged 22%, IDEA down 15% and BHARTI AIRTEL
tumbled 21.4%. Selling was seen in technology stocks as well due to
appreciation in the rupee. HCL TECH lost 12%, TCS down 11%, WIPRO down 9.3%
and INFY down 6.9%. *

*
http://tanmaygopal.blogspot.com/2009/10/weekly-technical-view-by-tanmay-g_10.html
*
*

*

 *Tanmay G Purohit*

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