Watch Nifty Ø 5 August 2011:: IFCI research,

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Watch Nifty

Ø  Nifty  Nifty made a sharp move down. While there is gloom all around, we think it is a good opportunity to invest at current levels and also buy around the 5180-5200 Nifty levels. Even risk averse investors can invest and book profits at regular intervals when the Nifty rallies. The risk-reward now conclusively favours the bulls. Bank Nifty has strong support around 10300-350. We can expect both Nifty and Bank Nifty to reverse up in a few sessions.

Ø  Nifty's support for 05/08 is likely around 5280-5300.