11 August 2011

Watch Nifty Ø 11 August 2011:: IFCI research,

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Watch Nifty
 
Ø  Nifty made its first move up after many days. Investors need to be cautious as many resistances points could be encountered on the way up. It makes sense to keep booking profits on the way up for re-entry on downslides.

Ø  Nifty's resistance for 11/08 is expected around 5220 and 5250.

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