June 04, 2011

Share Tips, Stocks Tips and Stock equity weekly and Stock Tips for 06 June

The Indian equity market settled flat as to hold 5400 level and ended down with loss of 10 pts at 5476.18 while Nifty and sensex at BSE/NSE managed to end above 18K at 18266.10. Indian markets recovered on the first day of June series contracts while Nifty took support of its long standing support trendline drawn from troughs of June 2006 and its neckline while it is still in its uptrend channel on weekly Chart.
Bank Nifty future shredded trivial 28 pts to end the week at 10638.55. In quarterly results, Tata motors Q4 consolidated net profit came at Rs. 9274 Cr.vs. 2571 Cr., its JLR EBITDA margins declined by 160BPS q/q to 15.8%. 
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