Watch Nifty Ø 16 Feb :IFCI research,

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Watch Nifty

 

Ø  The NIFTY closed above psychological resistance levels after sentiments turned bullish across the Asian markets. The daily momentum suggests that the NIFTY has immediate resistance at 5560. If it breaks 5560 we could see the next key resistance levels of 5640 or even 5703. On the downs side, the NIFTY has found the support at 5460 and 5410 levels. Technically the short term trend on NIFTY is likely to remain positive and the next hurdle for NIFTY is seen at 5690/5700 levels. On the downside, Breakout of 5350/5320 would invite fresh selling pressure.