Watch Nifty Ø 7 Oct 2011:: IFCI research,

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Watch Nifty

Ø  Nifty reacted to around 4700 once again. However the fact that it took support around that level suggests that we can see a short term up move in the next

few sessions.

Ø  Nifty's resistance for 07/10 is likely around 4850-4900.