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29 November 2010

Watch Nifty: IFCI research, Nov 29. 2010

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Watch Nifty
Ø  Nifty touched 5700 and bounced up. It has closed above 5700. One has to keenly watch if 5700 is held, even if it is violated intra-day.The next few sessions will be crucial and would provide the answer.
Ø  We have been maintaining that these are attractive levels for investments. Risk averse investors can make partial investments and perhaps average if the scrips react further alongwith Nifty.

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