Thursday, May 19, 2011

Nifty is trading above very strong crucial level...

Nifty ends higher; L&T, RIL, ONGC, IDFC, Siemens up..   Benchmarks ended three-day losing streak and closed on a positive note aided by gains in index heavy-weights like Larsen & Toubro, Reliance Industries and ONGC.
Better than expected quarterly results from Larsen & Toubro also provided some support to benchmarks later in the day. The company reported standalone net profit of Rs 1686.21 crores for the quarter ended March 2011 against Rs 1364.93 crores in the same period a year ago. Total income stood at Rs 15384.21 crores for year as against Rs 13583.25 crores last fiscal.
Nifty is trading above very strong  crucial level...see marked area..if  not take bounce will not move below it at ease...

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