Watch Nifty Ø 22 Nov :IFCI research,

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Watch Nifty

 

Ø  Nifty made a sharp move down to break through many barriers. It has touched 4764 in the process. Its next crucial support levels are 4750, 4720 and 4690. All these support levels are very near and perhaps it will take one or two sessions to clearly judge the direction of market. Bank Nifty, which is weak, has very crucial support levels at 8150 and 7700. One has to wait and see if the support levels are held. We believe that these levels are appropriate entry points for tong term investors.

Ø  Nifty's supports for 22/11 are 4750 (+/- 10 pts.) and 4720 (+/- 10 pts.)