Monday, May 2, 2011

UPDATES FOR MAY 3 2011

MAY 3 TUESDAY


NIFTY OUTLOOK


RBI Policy Declaration today ,

If RBI increases Rates By 25 Basis points the markets


may not react negatively


If RBI Increases Intrest Rates by 50 basis points


it could be negative .


Nifty Sustains below 5706 prefer not to be long


Main support seen at 5690 / 5650


Res is seen at 5711 / 5752 levels


NIFTY SPOT


SUPPORT 1 5667 , SUPPORT 2 5633


RES 1 5755 , RES 2 5808


NIFTY FUTURE

SUPPORT 1 5684 , SUPPORT 2 5650


RES 1 5771 , RES 2 5824


BANK NIFTY


SUPPORT 1 11146 , SUPPORT 2 11007


RES 1 11506 , RES 2 11727 ,