IFCI research, Watch Nifty: 8 June 2011

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Watch Nifty

Ø  Nifty made a minor move up. One has to see if it attempts 5600 again. Just to recapitulate, Nifty has strong resistance between 5600-50 levels. If

it closes above this level, it could attempt 5900-6000 again. On the other hand, if it fails in its attempt to close above 5650, it may re-test

5300, 5180 levels.

Ø  For 08/06, Nifty's resistance is likely around 5600.