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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty continued to exhibit strength. Its next litmus test is 5600-50 levels. If it is able to cross this level, it has truly begun its journey up. As we have maintained earlier, in the long term (1-3 years), Nifty has a good potential to scale new heights. We hold this view irrespective of whether Nifty is able to sustain above 5600 in the near term. We are also of the view that Nifty has a 70% chance of holding on to 5180 levels and moving up.
Ø Nifty's resistance for 29/06 continues to be 5600 (+/- 10 pts.).
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