Nifty Trend for Friday 20 May 2011

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roma73
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Joined: Mon Feb 28, 2011 11:58 am

Nifty Trend for Friday 20 May 2011

Post by roma73 » Thu May 19, 2011 6:52 am

Today market edged higher in the afternoon session and ended the day on a positive note after engineering conglomerate L&T (Larsen & Tourbo) reported 17% rise in the fourth quarter profit. The S&P CNX Nifty ended at 5,428.10, up 7.50 points or 0.14 %.
The Nifty futures closed and settled finally at 5424.80, up by 0.75 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5385 else above resistance level of 5465 it would be in an upward trend.
It has resistance....read more

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