IFCI -Nifty Watch- 8 April 2011

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Watch Nifty

Ø  Nifty was once again in sideways mode with narrow movements. One has to wait for a clear directional move.

Ø  Nifty resisted at 5900 and is again expected to face resistance  around  5900 (+/- 10 pts.) in 08/04 trades and again around 5950 (+/- 10 pts.)