Weekly Equity Newsletter For 6-May by Theequicom

The equity newsletter is provided here for our trader friends and visitors equity newsletter is always provided here by theequicom, Follow our Equity newsletter and equity tips and earn huge profit in intraday trading. It helps a lot to traders in trading risk free and earning profit from market. Today's market news is as follows:Nifty and Sensex were closed green; up 1.24%, 1.50% resp. this week. Indian equity markets ended green on Friday; on this week the Sensex and Nifty were in bullish trend. Major sector which were up like Telecom Sector, Auto Sector, pharmaceuticals Sector and Top gainer are Hindustan unilever (up 23.08%), Shasun Pharma (up15.23), %, Hcl Tec. (up 9.647%), M&M (up 8.01%),Infosys(up 4.34%) Reliance Infra (up 6.69%) and Sesa Goa (up 5.54%). Technically Nifty may expected to up from this point or a short term range bound movement this week; Nifty this week may range 5700-6140.

Top five NSE Gainers are Orient Abrasives, Precision Pipes&Prof, Anik Industries, Hindustan Unilever, RSWM.
Top five NSE losers are Micro Technologies, Paras Petrofils, Visesh Infotecnics, Birla Power Solution, Global Offshore Serv.

The technical view of Nifty is
WEEKLY PIVOT=5944,
Trend=Bullish,
Resistance= 6300, 6140,
Support=5840, 5700 ,
Strategy=BUY ON DIPS.

The technical view of Bank Nifty is
WEEKLY PIVOT=12458,
Trend=Bullish,
Resistance= 12990, 12775,
Support=12040, 11800,
Strategy=BUY ON DIPS.

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