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Articles: Stock Market | Stock Market Summary
- Editor
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MARKET SUMMARY
Even though market opened positively ,reflected mixed trading.Some times positive territory and some times negative territory.Finally bulls taken charge and closed positively.Nifty up by 10 points and Sensex up by 23 points. Banks/Shipping/Hospitality stocks (hotel) are strongest. The market remains closed on Tuesday, 15 November 2005 on account of Guru Nanak Jayanti.
The market breadth was Neutral, 418 advances VS 424 declines, and 25 shares unchanged in NSE. 80 securities have hit their price bands today.
FIIs buying worth a net Rs 29 cr on 13th November 2005.
Market analysis: We are continuously asking to buy in dips and sell in rallies. Market sustained above 61.8% retracement and heading for 80 % retracement which is 8588.One can buy in dips and sell in rallies. Market going to be side ways in next 1 or 2 weeks. Some may go up and some may go down. Investors nothing to worry but traders should trade carefully.Avoid buying of any stock which is going up for more then 2 or days.
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