Watch Nifty
Ø It may be recalled that in yesterday's recommendations, we had mentioned that "Nifty's immediate support on the downside is 5970-80 from where it could be expected to bounce up". Nifty bounced up from 5991. It has to now cross 6070-80 levels conclusively to inch even higher. The next two sessions will obviously provide the answer.
Ø Nifty's resistance for 29/09 is likely around 6080.
Ø ABB, Biocon, Yes Bk., DLF, Siemens all did well in today's trade. It is also worth drawing attention to our observation yesterday that LIC Hsg Fin. still had steam with the first target of 1450. It indeed touched 1459 before reacting in today's trade.
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