Apr 13, 2011, IFCI research, Watch Nifty

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Watch Nifty

Ø  Nifty continued to react and this is a good opportunity. It had formed a low around 5780 on 11/04. On the downside, it could take support around 5750, 5690-5700 and 5600 (+/- 10 pts.). It could reverse up from any of the support levels mentioned.

Ø  Nifty's support for 13/04 is expected around 5750.