27 April 2011

IFCI research, Watch Nifty: 26 April 2011

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Watch Nifty
Ø  Nifty was quite volatile intra-day. It is expected to be sideways between 5600/5700 and 5950. Until it breaks out of the range, it will remain volatile. Though the bias is on the positive side, one needs a proof by way of Nifty crossing 5950.
Ø  Nifty's resistance for 27/04 will remain at 5940-50.

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