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Intraday Tips for Tomorrow- Nifty Trend for Friday 20 May 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, May 19, 2011.

  1. rohans305

    rohans305 Member

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    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 close to the level of 5465 & above this level the next resistance near the 5540 mark. It has support close to the level of....read more
     
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