23 June 2011

IFCI research, Watch Nifty: 23 June 2011

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Watch Nifty

Ø  Nifty was listless, narrow and range bound indicating apathy of investors. One has to watch patiently whether support levels of 5230 and 5170-80 are held. Similarly, Bank Nifty has support around 10340 and if violated, next levels are 9930-9630.

Ø  Nifty's support for 23/06 is likely around 5250 (+/- 20 pts.).


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