Watch Nifty Ø 21 July 2011:: IFCI research,

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Watch Nifty

Ø  Nifty had reacted yet again to touch 5550. This gyration is a good opportunity for short term traders too. One can buy front line scrips near supports on reaction and sell on 4-5% return. For example HDFC Bk. has been moving between 2400 (480) and 2550 (510) in the last few weeks. Short term and medium term investors can make use of these opportunities.

Ø  Nifty's support for 21/07 is expected around 5550, 5500 ( +/- 10 pts.)and resistance around 5650