Nifty futures/Bank Nifty futures market closed on 9800.55 / 24066.45 According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 9878 will be small resistance for Nifty futures and at the same time 24385 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 10027 level and Bank Nifty futures can touch 25452 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in reveres there is small support on 9790 for Nifty futures and 23678 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 9616 and 23123 for Bank Nifty futures..NSE - WEEKLY NEWS LETTERS
? TOP NEWS OF THE WEEK
TATA GLOBAL BEVERAGES - Tata global beverages informed that the company’s overseas subsidiary has formed a step-down subsidiary in Russia. “In order to facilitate the restructuring, the company's overseas subsidiary has formed a step-down subsidiary, Coffee Trade LLC, in Russia which will take over part of the existing business” said the company in a BSE filing. Tata Global Beverages Limited is a beverage company engaged in the trading, production and distribution of tea, coffee and water. The company's principal activities include processing and blending of tea, including the manufacture of instant tea
MSR LIMITED - Msr limited announced on Tuesday that the company has received a purchase order for the supply of 3,000 units’ 1 litre Dr Copper water bottle to D-Mart stores. It was the second purchase order that the company received from D-Mart within the last 5 days. MSR India is engaged in the business of dairy products trading with products including Daily Fresh, Dr. Copper, Food Products , Energiam Powder and Dr. Copper Tharma Jal. The company also manufactures copper bottles for drinking water in various shapes and sizes, besides producing food products like pasta, vermicelli and others.
HINDUSTAN UNILEVER - Hindustan Unilever has ventured into the e-commerce space by planning to sell Premium Tea through its own portal. This will be its stepping into the e-commerce business in India. Until now, the company had been marketing its products online via existing marketplaces such as Big Basket and Amazon. The set-up of the portal will redefine its business line in India. HUL claims that its first direct-to-consumer setup aims at gifting options. Under its umbrella, the company targets gifting with pricier products under the Brooke Bond Taj Mahal brand. The brand will be competing with Teabox - a brand backed by Ratan Tata. Sudhir Sitapati, the executive director of Refreshments Section at HUL said, “The foray into e-commerce has been aimed at urging people to consider tea as a gifting option. Our range of gourmet teas and exquisite teaware has been specially curated to offer the finest gifting experience for every occasion and budget.” HUL’s refreshments business, comprising of tea and coffee, accounts for 15% of its total sales.
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