May 3, 2011: Watch Nifty Ø IFCI research,

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Watch Nifty

Ø  Nifty continued to move down but took suuport again at the support levels indicated by us , Viz., 5690-5700. It looks ready to move up from these levels or at the worst from 5600 levels. Only if it closes below 5600, should we re-visit our assumptions.

Ø  For 03/05 Nifty' supports are 5690-5700, 5650. Resistance is at 5800(+/-10pts).