01 October 2010

IFCI research: Nifty Watch: Oct 1

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Watch Nifty
Ø  Nifty was volatile. It came down to 5963 before making a sharp recovery in the dying moments of trade. On its way up, 6070-80 will again act as resistance. However, if it is able to cross this conclusively, then it should be able to reach 6150 and 6250.
Ø  Nifty's resistance for 01/10/10 is again expected around 6070-80.

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