Watch Nifty Ø 24 Aug 2011:: IFCI research,

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Watch Nifty

Ø  As expected, Nifty continued to move up. It has many hurdles on the way up and should be observed carefully for overall guidance. In the interim, investors who have bought individual scrips can book profits on achieving reasonable returns.

Ø  Nifty's resistance for 24/08 is likely around 5000 (+/- 10 pts.)