26 October 2010

Watch Nifty: Oct 26th 2010: IFCI research,

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Watch Nifty
Ø  Nifty crossed 6130 but could not close above it. Unless there is a strong close above 6284 - the bias is still on the downside in the short term.
Ø  Nifty's support for 26/10 is likely around 6070.
Ø  Many of the scrips recommended by us on 22/10 and 25/10 moved up well giving good returns especially mid cap banking stocks like
o   Allahabad Bk., Central Bk., Andhra Bk., Syndi Bk. Other scrips like TCS,
o   ACC, Auro Pharma, BILT, Arvind Mills, Hindalco have also moved up smartly and continue to be good.

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