20 December 2010

Watch Nifty -IFCI research, Dec 20, 2010

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Watch Nifty
Ø  Nifty made an impressive move up. It could continue this journey and if it can close above 6070, it would strengthen. Bank Nifty however is still not showing adequate strength and has to close above 11650 immediately and should close above 12550 for a conclusive proof.
Ø  Nifty faces resistance around 6000 in 20/12 trades.

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