02 February 2011

Watch Nifty: IFCI Research: Feb 2, 2011

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Watch Nifty
Ø  Nifty made a steady move down for yet another session, barely sustaining above the 5400 levels.The next support levels are 5350 and 5300. We could however expect a bounce up in the near term and these are attractive levels for long term investors to nibble.
Ø  Nifty's support for 02/02 is likely around 5350 (+/- 10 pts.)

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