IFCI research, Watch Nifty: 8 Feb, 2011

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Watch Nifty

Ø  Nifty had yet another day of sideways movement. Its support on the way down is likely around 5350 and 5300 and one has to see whether it finds support at these levels.

Ø  Nifty's support for 08/02 is expected near 5350 levels.