20 January 2011

Watch Nifty - IFCI research, 20/1/11

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Watch Nifty
Ø  Nifty reacted 90 pts from the Intraday resistance level of 5750. It lacks strength to even get near 5850 levels. Bknifty is more resilient. However investors could take heart from the fact that we are nearer the bottom and once the base is formed there's a good upside potential.
Ø  For 20/1 Nifty's resistance are 5750, 5780 and support 5650-60, 5630.

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