Watch Nifty Ø 23 Sept 2011:: IFCI research,

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Watch Nifty

Ø  Nifty perhaps had one of its worst fall in recent times. It has shown clear cut sign of weakness and trend. It was unable to breach the 5180-5200 mark even intraday. It took support once more around 4900 but this time perhaps it could give way to test 4800-4700. Bank Nifty has support around 9250 and 8900.

Ø  Nifty's support for 23/09/11 is likely around 4900, 4850 (+/- 10 pts.)