07 July 2011

Watch Nifty Ø 7 July 2011:: IFCI research,

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Watch Nifty

Ø  Nifty was listless for the entire day and oscillating between the range of 5600-5650. Nifty, on its upside ( if and when it closes above
5650) has resistance at 5700 and then 5750. Bank Nifty (cash) similarly has stiff resistance around 11400.

Ø  Nifty's resistance for 07/07 is expected around 5650, 5680-5700. Support around 5600 (+/- 10 pts.)

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