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Tuesday, July 5, 2011

Market review & Nifty Technical levels for 6 July

BT to invested in Tech Mahindra:
UK based telecommunications player BT has a 24.4% shareholding in tech mahindra, BT continue to have shareholding in Tech mahindra.
Hold Pantaloon
One should hold Pantaloon Retail. It is looking strong on daily chart and can touch Rs 375 in next 1 year time. The company's trailing 12-month (TTM) EPS was at Rs 5.08 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 63.37. The latest book value of the company is Rs 120.0
Market Review
Today's market was extremly volatile session and finally closed negative node.Nifty ended at 5632.10 down by 18.4 points or 0.33% from the previous close, while the Sensex closed at 18744.56 down 69.92 points or 0.37%.

Nifty future levels for tomorrow:
Resistance : 5670 and above this level resistance near the 5710 points
Support : 5600 and below this level support the 5540 points.


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