30 September 2010

IFCI research: Nifty watch

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Watch Nifty
Ø  Nifty could not get past 6070-80 levels indicated by us. The high was 6071/55 from where it reacted steeply - it had once again taken support from 5970-80. Nifty is expected to take support around these levels again, failing which it would be around 5930-40. Tomorrow's session could give us a clue.
Ø  Nifty's support for 30/09/10 is expected around 5930-40 and resistance around 6070-80.

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