Watch Nifty Ø 10 Nov 2011:: IFCI research,

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Watch Nifty

 

Ø  Nifty made a sharp move down and is back near the lower range of 5200. Though Nifty does have a strong support around 5200, one should watch the levels of 5140-50 more closely. So far as the above level is held, there is no threat to the near term upmove to 5400. If however the level is violated, investors have to brace for a steep correction to 4900 and then perhaps 4700.

Ø  Nifty's support for 11/11 is likely around 5200, 5170, 5130-50 and resistance around 5300 and 5350.