25 October 2011

Watch Nifty Ø 25 Oct 2011:: IFCI research,

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Watch Nifty

Ø  Nifty, though opened with a good gap, it was not able to consolidate its early gains. 5170  is proving to be a formidable resistance. We have to see whether an attempt is made in tomorrow's session. However as we have been mentioning, investors be prepared for one more leg dowm unless 5200 and then 5400 are crossed.

Ø  For 25/10, Nifty's resistance continues to be 5150-70 and support 5050-60.

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