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Watch Nifty
Ø Nifty gave up almost all its gains. As expected, the reaction from 5750 materialised intra day. However, so far as 5600 holds, there is no cause for worry. We could expect continuation of uptrend in the next few sessions. One can however expect resistance at every 50 points viz. 5750-5800-5900-5950-6000. Nifty can cross all these hurdles if it is able to stay above 5600.
Ø Nifty's resistance for 11/07 is expected around 5750 and then around 5780-5800.
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