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Intraday Stock Market Trend For Tuesday 17 May 2011

Intraday Stock Market Trend Tuesday 17 May :- My Dear visitor’s, For the last couple of days, Spot Nifty  trying it’s level best for some pull back rally, But unable to do so for several negative reasons, like, high inflation, fear of increase the fuel oil prices etc. Today market sentiment become more weak due to the increment of the price of petrol from 14th May midnight. Hike of domestic diesel oil price is also in the card. And the Indian Stock Market got no other way to show instant negative reactions. For the time being chances of some great recovery of Indian Stock Market is almost difficult and buying from the lowermost levels and mass selling on rise, especially at the higher  levels will still continue for the time being. In a nutshell, down side, 5400 is the strongest support and upper side 5700 considered to be a toughest resistance of Spot Nifty.

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Intraday Tips Updated at: 1:56 AM
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