22 February 2011

IFCI research, Watch Nifty

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Watch Nifty
Ø  Nifty has turned volatile and made a dramatic move up intra-day. So far as 5340 (+/- 20 pts.) is not violated, Nifty could re-test 5575-5600 levels. Bank Nifty has resistance around 11300 and a close above could push the index as also the Nifty higher.
Ø  Nifty's resistance for 22/02/11 is expected around the crucial 5570-80 levels.

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