28 April 2011

IFCI research, Watch Nifty: 28 April 2011

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Watch Nifty
Ø  Nifty had a weak session. It is moving near the lower end of its range. So far as 5600 holds, investors need not worry. Risk averse investors could wait as markets are expected to be volatile in this range - more so because of expiry in tomorrow's session.
Ø  Nifty's resistance for 28/04 is likely around 5900 - 5920 and 5950 and supports around 5790-5800.

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