Watch Nifty Ø 2 August 2011:: IFCI research,

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Watch Nifty

Ø  Nifty  was broadly sideways with a positive bias and with no clear direction yet. Investors have to wait for a violation of its immediate range of 5480-5650 and a wider range of 5180-5750.

                               

Ø  Nifty's resistance for 02/08 is expected around 5550 and then 5580-5600.