INTRADAY STOCK TIPS FOR TODAY: Nifty support and Resistance level

Friday, May 6, 2011

Nifty support and Resistance level | Market trend For today 6 May Friday

Nifty has Support level 5399 and resistance Level 5560-5600-5659 for 6 may.

and Sensex has support level 18000 and resistance level 18550.

Today is Akshaya Tritiya and it is considered auspicious to buy gold or any other precious metal on the day. People book gold or ornaments days in advance and bring this precious commodity on the eve of this day which is considered to bring wealth and prosperity to the house. The word "Akshaya" means imperishable or eternal - that which never diminishes. People believe that Akshaya Tritiya is an auspicious day for valuable purchases, especially gold. With Akshaya Tritiya on Friday, May 6, 2011, you have one more reason to invest in Gold. India's major stock exchanges - Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) - will extend the trading session on Friday, May 6, 2011 from 04:30 p.m to 09:00 p.m in addition to normal market hours.

so make your money with commodity market.

have all the market tips visit: Nifty support and resistance level

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CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."