06 June 2011

IFCI research, Watch Nifty: 6 June 2011

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Watch Nifty

Ø  Nifty was unable to get past 5600 though it made an attempt to touch 5600 once again. As maintained by us, Nifty has formidable resistance around 5600-5650 and unless this level is crossed, Nifty can move down. However, if it were to re-test these levels again it could prove successful in moving up.

Ø  For 06/06, Nifty's resistances are likely around 5600, 5650.

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