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Watch Nifty
Ø Nifty pierced its strong supports of 5600 and alongwith it all sectoral indices also moved down. Its closing below 5600 does not augur well atleast in the near term. While we would like to see one more close below this level for a conclusive proof of weakness in the near term, the next significant support levels for Nifty are at 5340-60, 5230-40,5170-80 if the weakness continues.
Ø For 04/05, Nifty's supports are seen at 5550,5500.May 4, 2011: Morning News (click on link to read article) IFCI research,
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