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Intraday Tips for Wednesday- Technical Overview 11 May 2011


HCL
The stock moved up during the trading hours and the major trend
presently in the stock is up. The stock is facing resistance at 512
and has support at 485. Break of resistance may take the stock further
up. One may go for buying the stock once it breaks its resistance.
Resistance2-  514.77,  Resistance1-  508.93,  Pivot Point  502.87,
Support1-  497.03,  Support2-  490.97
HERO HONDA
A correction was seen in the stock during its trading hours. The stock
was not able to break its resistance at 1780 and moved down. The stock
is now facing resistance at 1780 and has support at 1700. The stock is
close to its support and break of support may take the stock further
down. One may go for selling the stock once it breaks its support.
Resistance2-  1781.83,  Resistance1-  1747.87,  Pivot Point  1725.98,
Support1-  1692.02,  Support2-  1670.13
HUL
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