28 July 2011

Watch Nifty Ø 28 July 2011:: IFCI research,

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Watch Nifty

Ø  Nifty continued to move down. We have to wait and see if 5480-5500 holds. If it does, another bounce up to 5700 can be seen.

Ø  Long term investors should use reactions to buy in.

Ø  Nifty's support for 28/07 is expected around 5490-5500.

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