Watch Nifty Ø 18 Nov :IFCI research,

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Watch Nifty

 

Ø  Nifty   has cut through its support of 4990-5000. Though there could be a sharp reversal up in the next 1-2 sessions, there's still some more weakness left in the index which could touch 4900, 4700. However as we had been saying, we are almost in the last leg of correction. The target for Nifty (90%probability) could be at the worst 4700(+-2%) and time wise the correction should be over by March 2011.

Ø  The supports for Nifty on 18/11 are 4920, 4870.