16 June 2011

IFCI research, Watch Nifty: 16 June 2011

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Watch Nifty
Ø  Nifty moved down in a typical sideways market pattern of alternate days of upmove and downmove. Bank Nifty could lead in giving direction to Nifty, perhaps tomorrow with the monetary policy round the corner.

Ø  Nifty's support for 16/06 is likely around 5400 and resistance around 5500.

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