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Intraday Tips for Tuesday- 9 May 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, May 9, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    Intraday Tips for Tuesday- 10 May 2011

    The stock is currently consolidating after a steep downfall previously. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels.
    Resistance2- 1019.9, Resistance1- 1009.9, Pivot Point 1000, Support1- 990, Support2- 980.1
    The stock consolidated in today's trading session after a downfall in previous week. Its next support is at 131, one should now wait in the stock as a short term recovery can be seen the stock after a continuous fall.
    Resistance2- 142.97, Resistance1- 141.18, Pivot Point 139.92, Support1- 138.13, Support2- 136.87
    The stock had a sharp recovery in today's session and was up by around 4%. Now breaching of next support level 345.50 will bring some more downward movement in the stock.
    Resistance2- 376.2, Resistance1- 370.7, Pivot Point 361.35, Support1- 355.85, Support2- 346.5
    The stock is currently facing a range bound movement. It now has major support at 330; breach of this level may take the stock further down.
    Resistance2- 348.9, Resistance1- 345.9, Pivot Point 342.1 , Support1- 339.1, Support2- 335.3
    The stock showed an up movement during its trading hours. The major trend presently in the stock is sideways. The resistance for the stock is....read more
    #1 rohans305, May 9, 2011
    Last edited: May 9, 2011

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