28 June 2011

IFCI research,: 28 June 2011 : Watch Nifty

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Watch Nifty
Ø  Nifty continued its journey up. As observed earlier, it is Bank Nifty that has given the leadership. So far as 10340 (Bank Nifty cash) is held, the uptrend is intact. Similarly, for Nifty, 5180 will be the key level.

Ø  Nifty has already given us more than 250 points return (even if one had taken position at 5300). 5600 to 5650 will be the key level to watch.

Ø  Nifty's resistance for 28/06 is likely around 5600.

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