Watch Nifty Ø Nov 2: IFCI research,

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

Watch Nifty

Ø  Nifty reacted further. So far as 5200 (+/- 1%) levels are held, Nifty could move up to 5400-5500 and 5600 levels. However, if Nifty falls through 5140-50 levels, it can slip to 4700 which is a possibility. It would be advisable to buy near 5200 with 1% stop as the risk-reward is in favour of longs.

Ø  Nifty's resistance for 02/11/11 is likely around 5340-50 levels and support around 5200 levels.