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13 October 2010

IFCI research: Nifty Watch Oct 13th 2010

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Watch Nifty
Ø  Nifty had yet another weak session. However, it took support around 6050 to bounce up. Nifty has solid support around 6050 and 6020 from where it can be expected to start moving up for one more leg up. Similarly, Bank Nifty has support around 12360. If these levels are not held, both indices would continue to slide.
Ø   Nifty's support for 13/10 is again expected around 6050 & 6020.

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