24 October 2011

Watch Nifty Ø 24 Oct 2011:: IFCI research,

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Watch Nifty

Ø  Nifty reacted again without touching 5150. We however reiterate that it is expected to cross 5170-90 mark even if it does not close above. Expecting such a move, one can go long on reactions (near 5000) and sell near the resistance 5170-5200.

Ø  Nifty's support for 24/10 is expected around 5000 and resistance 5160-70

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