IFCI research, Watch Nifty: 29 April 2011

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Watch Nifty

Ø  Nifty was clearly weak. It has a series of supports on the downside - the major ones being 5600-610 , 5690-5700. Minor supports exist around 5775,5750. We have to wait to see from where it takes support and start moving up.

Ø  Nifty's support for 29/04 is expected around 5775 and 5750 ( +/- 10 pts.)