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India Equity Research Reports, IPO and Stock News
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Watch Nifty
Ø Nifty could not sustain at higher levels and reacted. It has just managed to close marginally above 4700. We can expect some volatility before Nifty decides its direction. Bank Nifty, as we have observed, has very strong support around 7700. It should reverse up either from the above level or from slightly higher levels (say from 8100). Perhaps, this index could be a lead indicator before Nifty takes cue and reverses up.
Ø Nifty's resistance for 28/11 is likely around 4770 and 4800.
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