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Monday, May 6, 2013

Weekly Nifty Trend & Market View 6th-10th May

Weekly Nifty Trend: Nifty in the last week closed at 5944. Nifty is most likely to see the support of 5850 followed by the resistance level at 6020. Still the market trend is consolidate for the week. In the last 2 trading sessions the market has traded sideways bullish. Further we may expect some profit booking by the traders & investors this week.

Nifty Intraday Support 5924 Resistance 5979.

Intraday Indian Stock Market Calls for Monday

  • Buy Glenmark Limited above 502 for the intra day target of 524. Buy at Current market price 500 & Keep a stop loss of 487.
  • Buy Sparc Limited above 128. It's currently trading at 500. Intra day target for it is 524 & follow a strict stop loss of 124.