17 March 2011

IFCI research, 17 March 11: Watch Nifty

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Watch Nifty
Ø  Nifty continued to move up. It may do so for a session more. As we have been maintaining, unless Nifty closes above 5600-5650 levels, the bias is negative. However, the market has its own ways and so stops will help in being prepared for any eventuality.
Ø  Nifty's resistance for 17/03 continues to be 5550 (+/- 10 pts.)and then 5600.

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