STOCK MARKET TIPS TREND FOR TOMORROW 6 MAY 2011

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Courtesy :- Intraday Tips


Stock Market Intraday Tips Trend For Tomorrow 6 May :-  The Market has been moving down since many days. After so much fall some counterrally is expected. But as overall trend is still down, so the readers may stay away from the market and do not create any long positions till the trend remains down. Percentage of stocks above support is still below 50%, so it is recommended not to buy or hold deliveries till the percentage of stocks above support does not come above 50%. Strong Futures Stocks This is list of 10 Strong Futures: Sintex Ind, Hind Petro, DCB, ABB, Exide Ind, BPCL, ONGC, Bata India, Indian Oil & Glaxo. Weak Futures Stocks This is the list of 10 Weak Futures: HDIL, SRE Infra, LITL, IRB, RCOM, Patni, Rel Media, GVKPIL, Bank Of India & UCO Bank.

 

Source :- https://freecashmarkettips.blogspot.com/

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Nifty tips for today 6 May 2011:-

NIFTY TIPS FOR TODAY

Nifty was on bear trend last day and closed at 5459.Today the first resistance for nifty is at 5491-94 level.Next resistance is at 5525-29 level.Next resistance is at 5558-62 level.Next resistance is att 5577-83 level.Next resistance is at 5611-15 level.Next resistance is at 5632-37 level.Next resistance is at 5659-63 level.Next resistance is at 5685-88 level.Next resistance is at 5706-09 level.Next resistance is at 5725-29 level.Next resistance is at 5748-52 level.Next resistance is at 5788-93 level.Next resistance is at 5820-23 level. Next resistance is at 5847-51 level.Next resistance is at 5892-97 level. On downside first support is at 5427-24level.Next support is at 5396-91 level.Next support is at 5350-45 level.Next support is at 5320-17 level.Next support is at 5302-00 level.So nifty again back in bear zone .So today the bear sentiment will again sustain if nifty goes below 5425 level and no long below 5500 level.Positionally no long until nifty close above 5600.


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