Watch Nifty - IFCI research, Feb 3, 11

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Watch Nifty

Ø  Nifty made a feeble attempt to pull back but could not sustain at higher levels. The agony could continue for a month or so. We can expect sharp pullbacks and reversals before stability and sanity returns.

Ø  For 03/02, Nifty's supports are likely around 5380 and then 5350.