http://stock-commodity-market-investment.blogspot.com/2010/06/stock-market-this-week.html
MARKET OVERVIEW:-
Markets Trim Gains As Global Markets Shrugs-off!
For nifty the traders should follow the following strategy:-
NIFTY WITNESSED THE OVERALL THE RANGE BOUND
MOVEMENT IN THIS WEEK & MADE THE CORRECTION
FROM THE HIGHER LEVELS. OVERALL IT TRADED WITH THE
NEGATIVE BIASED FOR THE WHOLE WEEK. NOW IN THIS
WEEK AS PER THE CHART PATTERN WE MIGHT EXPECT
MORE CORRECTION IN IT & COULD DRAG IT TILL THE
LOWER LEVELS OF 5145 TO 5150. CLOSING BELOW THIS
SUPPORT LEVEL MAY SLIP IT TILL THE LOWER LEVELS OF
5090 TO 5100 IN SHORT TERM.IN THE UPSIDE 5370 TO
5400 IS THE BROAD MAZOR RESISTANCE ZONE FOR IT.
The benchmark Nifty closed Friday's session sharply lower, dragged
especially by financials on fears of likely rate hike. Technology,
metal,
FMCG, realty, capital goods and select auto companies' shares also
witnessed selling pressure. Weak global cues weighed on the equity
benchmarks as well.
Markets reported total turnover of Rs 95,310.91 crore. This included
Rs
13,416.27 crore from NSE cash segment, Rs 77,422.45 crore NSE F&O and
the balance Rs 4,472.19 crore from BSE cash segment
STOCK OF THE WEEK:-
Symbol - HERITGFOOD (NSE)
Company Name - HERITAGE FOODS INDIA LTD.
Price - Rs.162.85
Change - Rs. 0.25
Volume - 27207
52 Week High - 257.00
% From High - -1.7%
Day High - 165.65
% o f D AV
- 128%
EPS
- 4.85
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