Friday, May 08, 2009

the correction for consolidation...?

The heated markets over the week could end with tepid note with llow volumes. The stellar performance from the metal space took a beating due to profit booking from the retail investors. The Nifty has still above the support levels despite of this 64 points fall.
The shipping companies and plantation companies are in the lime light where as the software companies felt the heat.
Market PULSE check by Stock-O-Meter:

Nifty 3711.25 3582.85 3620.70
ICICIBANK 550.9 515.15 520.75
RIL 1932 1875 1900.30
REL infra 817 756.35 768.65
DLF 525 235.65 240.65
T.Steel 302.85 280.15 282.40
SAIL 129.80 121.80 125
JP ASSOCIAT 144.35 134 142.10
I may be right or wrong, You may like it or not but “No argument with the ticker-NEVER”

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