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Sunday, May 10, 2015

Nifty Trend Level Today 11 may 2015—By Equity Research Lab

Daily Nifty Levels (SPOT)                                                               Pivot: 8179.97
 R1: 8236.48                                                                                      S1: 8134.98
R2: 8281.47                                                                                       S2: 8078.47
R3: 8337.98                                                                                       S3: 8033.48
Daily Nifty Levels (FUT)                                                                  Pivot: 8197.42
R1: 8260.13                                                                                       S1: 8147.83
R2: 8309.72                                                                                       S2: 8085.12
R3: 8372.43                                                                                        S3: 8035.53

NIFTY SPOT: 8191.50 (+1.67%) NIFTY FUT: 8210.55(+1.67%) Temperature rose in equity market on a sultry Friday driven by short coverings and strong global cues. After getting bruised for past few days, the Sensex rallied 506.28 points or 1.9 percent at 27105.3. The Nifty ended up 134.20 po- ints or 1.7 percent at 8191.50. Tata Motors, Cipla, ICICI Bank, Hindalco and HUL were top gainers in the Sensex. Among the losers were Hero Motocorp, ONGC, TCS, NTPC and Vedanta. he market has maintained its uptrend in afternoon trade following positive global cues, tracking results of UK polls. Short covering post heavy sell-off in previous sessions also supported the market.

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