Indian market - Nifty stock market - Indian stock analysis

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 6, 2011 --

As market turned out negative yesterday when Nifty did not manage to hold above it's resistance level of 6186.9 on Nifty and Opened in red and slide down further on selling pressure in Nifty stocks. Market sentiments remained subdued and bounce back was considered as selling and exit opportunity as short term investors and traders booked profit in front line stocks like L&T which fell by -2.9 % during trading and made a low of Rs. 1915 on Bse, BPCL another stock down by -3.6 % during trading yesterday and made a low of Rs. 630 Few power stocks had performed well in negative market TATA POWER was up by 2.1 % during trading and hit an intraday high of Rs.1406.5 another strong performer of the day was HCL TECH stock made an intraday high of Rs. 473.9 and was up by 2.8 %during market hours. More details on http://www.takemyview.co.in

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