Watch Nifty Ø 18 August 2011:: IFCI research,

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Watch Nifty

 

Ø  Nifty was volatile. It is also expected to move up in a session or two. Till we cross 5700 or thereabouts, we have to buy near supports and sell on pulbacks. We would like to reiterate that the market is bullish on longer time horizon and the patient investors will emerge winners.

Ø  In the near term, markets could be volatile and could also test 4700-4800 levels. Since we cannot exactly predict the bottom, systematic investment in front line scrips near supports is advised.

 

Ø  For 18/8, Nifty's resistance is around 5150