April 5, 2011: IFCI research, Nifty

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Watch Nifty

Ø  Nifty, Bank Nifty have gone up exhibiting strength. However, one should be prepared for a reaction in a session or two. On the downside, it has solid support around 5600 (as it was from here that there was a trend reversal in the short term.)

Ø  Nifty's resistance for 05/04 is likely around 5950.