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Nifty Futures for Thursday 19 May 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, May 18, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    The markets closed in the red for the third consecutive day of the week as heavyweights RIL, SBI and ONGC witnessed selling pressure through the day. The S&P CNX Nifty closed the day down -18.35 points or -18.35 % at 5420.60.
    The Nifty futures closed and settled finally at 5424.05, down by -23.35 or -0.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5380 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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