Nifty Trading Levels: 30 May 2011
RESISTANCE: 1- 5490 & above this level the next resistance  5530
SUPPORT:1-  5415 & below this level the next support 5310  
 
Stock Market Analysis News 
The bourses ended on a positive note for the second consecutive day. At close, the Bombay Stock Exchange’s Sensex was at 18,266.10, up 221.46 points or 1.23% from the previous close. The National Stock Exchange’s Nifty shut shop at 5,476.10, higher by 63.75 points or 1.18%.


The bourses opened on a positive note today, triggered by strong global cues. Since then, they kept hitting fresh intraday highs till the closing bell. The BSE 30-stock index rose as high as 18,298.64 and Nifty hit the day’s high at 5,485.80, in trade today.

The broader markets too ended in the green with BSE Midcap index gaining 1.42% and BSE Smallcap index up 0.83%. Click Here For Nifty Tips | IT and Real State calls

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The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %.  The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5727 & below this level the next support is seen near 5660 mark.

Indian markets down 1.50%, Nifty slips below 5850 & Sensex below 19500.
WPI Inflation came at 8.98 % vs. 8.31%, Mfg. products came at 6.21 vs. 4.94%.
European markets were mixed with DAX leading, Dow future was down 5 pts.
Indian market ended down 1.50% due disappointing IT bellwether; Infosys results & rising inflation as Nifty lost 87 pts to end at 5825 while Sensex was down by 310 pts to settle at 19386. Euro markets were in green due to number of positive economic data with FTSE up 23 pts, CAC down 4 pts & DAX up 32 pts. Dow future was down 5 pts.
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Nifty Tips for tomorrow Click Here

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Nifty

Resistance 1- 5580

Resistance 2- 5625

Support 1- 5506

Support 2- 5460

Profitable call for 10 march 2011

Wipro Ltd

Current market share price - 450.65

BUY CALL- Above 452 

stoploss 445

Target - 458

HOT MARKET NEWS- 
The market has showed recovery in the last half an hoursof trade.the market suppoted by Wipro,ITC and toady Reliance Industries recovered more,it was down .3% around.
Among frontliners, Maruti Suzuki, Tata Motors, Reliance Communications, BHEL, SBI, BPCL and Sun Pharma were the top losers with 3-4% fall.
About 883 shares advanced as against 1969 shares declined on the Bombay Stock Exchange.
Rate sensitives and commodities related sectors were quite supportive. The BSE Capital Goods, Auto, Realty, Bank and Metal indices were down 1-2%.
FREE Commodity tips Today

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