18 October 2011

Watch Nifty Ø 18 Oct 2011:: IFCI research,

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Watch Nifty

Ø  Nifty  moved sideways yet again. As we had earlier mentioned, it has to cross 5200. In the interim, traders in Nifty can try selling it with stop near 5210. Selling is  recommended at levels as near 5190 as possible to have small stops.

Ø  For 18/10, Nifty continues to face resistance near 5200 and support near 5050.

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