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Intraday Tips for Tomorrow (Nifty Positions Thursday, 5 May 2011) |
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Intraday Tips for Tomorrow (Nifty Positions Thursday, 5 May 2011) |
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Rohan
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| 04 May 2011, 19:39:42 |
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After a brief stint in the green, the Nifty has slipped into the negative on the back of selling pressure seen in IT and Auto space. The NSE benchmark index S&P CNX Nifty, down -28.10 points or -0.50 % at 5537.15.
The Nifty futures closed and settled finally at 5536, down by -32.70 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5510 else above resistance level of 5595 it would be in an upward trend.
It has resistance close to the level of 5595 & above this level the next resistance near the 5726 mark. It has support close to the level of....read more |
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