NIFTY NEXT- Nifty Trading Range for 05 May 2011

Nifty-Spot will trade with flat to Negative note within the Range of 5475-5540 with Huge volatility. On Technical Front, Nifty is in bearish mood. As per our NNi-Nifty Next Indicators, which declined further with less volume suggests that nifty will trade with negative bias on 05 May 2011. Nifty has now strong support at 5404.

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Manhindra Holiday(MHRIL)-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook

MHRIL closes  at 366 with a fall of -0.5% on 04 May 2011 with formation of  Long White  Candle on Daily  Price Chart. Technically, MHRIL is looking weak on Charts. Major momentum indicators are in bearish zone. PIR daily is trading below its weakly value. Swing 350 is also negative/red.

We Recommend to SELL   –  MHRIL at CMP or Below 364.75

Target- 323

Stop-Loss – 371

Time Frame- 20-25 Trading Days
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FII Data Updates For 04 May 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 04/05/2011 2693.00 3944.80 -1251.80 1896.80 733.20 1163.60 03/05/2011 1875.30 1863.60 11.70 1402.30 983.70 418.60 02/05/2011 3239.70 3434.50 -194.80 717.30 1158.00 -440.70 Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com