Watch Nifty Ø 2 Sept 2011:: IFCI research,

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Watch Nifty

Ø  Nifty continued to show momentum on the upside. Though it has many minor resistances on the upside viz., 5050, 5100 etc.,its major hurdle is near 5180-5200. We have to see if it can touch 5180 levels. However one more leg down cannot be ruled out until and unless its able to cross 5550-5600.

Ø  For 2/9, Nifty's resistance is around 5050.