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Markets saw a disappointing week as they were battered by political uncertainties as well as weak global markets. On weekly charts, Nifty future has traded below the short upward channel pattern and looks bearish in the coming sessions as well. On lower side, crucial mark is seen around 5550 which is also seen as major support below which 5460 is seen as next support. While, 5800 will act as strict resistance. Volatility will be seen in markets due to F&O Expiry. Support: 5550/5460 Resistance: 5780/5870 Crucial Point: 5550 Close: 5668.40 Market Weekly News: Sensex ends week at fresh 4-mth low; loses 692 pts. European stocks tread water awaiting Cyprus outcome. Exide buys balance 50% stake in ING Vysya. SAIL OFS gets 97.9% bids at Rs 63.07. Cairn India: Production drop risks weigh on market performance. Nestle India increases royalty rate to 4.5% from 3.5%. Weekly Pick: HCLTECH FUTURE HAS MADE A SHORT UPWARD CHANNEL PATTERN AND MAY GIVE A NEGATIVE BREAKOUT TOWARDS LOWER LEVELS. SELL BELOW 765 TARGETS 740-710. MAINTAIN SL OF 795. Weekly Call: ITC BUY ABOVE 309.50 TARGETS 314-320 SL 302.

SBIN SELL BELOW 2081 TARGETS 2050-2010 SL 2125. For more info click here Stock Tips Commodity Tips Mcx Tips


Weekly stock news 25 march 2013  

On weekly charts, Nifty future has traded below the short upward channel pattern and looks bearish in the coming sessions as well. On lower...

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