01 April 2011

1/4/2011 Watch Nifty -IFCI research,

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Watch Nifty
Ø  Nifty had a volatile session. We recollect our advise for 31/03 trade "Nifty is likely to go up initially and react in tomorrow's session". It exactly behaved the way we predicted. Nifty is good for the medium term and long term. Reaction will be an opportunity to enter. Nifty's resistance on the way up is likely around 5880 - 5900 - 6070 and 6180.
Ø  Nifty's resistance for 01/04 is likely around 5880 and then 5900-10.

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