03 October 2011

Watch Nifty Ø 3 Oct 2011:: IFCI research,

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Watch Nifty

Ø  Nifty once again went on a downward spiral. The index is now in a huge sideways move between 4700-5200. The strategy would be to short near 5200 and go long near 4700 with tight stops.

Ø  Nifty's resistance for 03/10 is likely around 5030-50 and support around 4880-4900.

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