04 February 2011

IFCI research, Watch Nifty: Feb 4, 2011

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Watch Nifty
Ø  Nifty made a steep move up. It has to cross 5690 and then 5800 for strength. It is also possible it moves down one more time after a session or more. However, as we have been maintaining,  we are near the bottom and it is time for investors to make investments.
Ø  For 04/02, Nifty's support is seen around 5380, 5350 and resistance around 5540, 5580.

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