Watch Nifty Ø 12 Oct 2011:: IFCI research,

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Watch Nifty

Ø  Nifty  made an impressive start but gave up all its gains intraday, unable to clear the resistance of 5040. However it could still try and attempt  5100/5150. As we said earlier we should wait to see if it is able to get past 5200 barrier.

Ø  For 12/10, Nifty's resistance are 5040-50, 5070-80.