Watch Nifty Ø 26 Sept 2011:: IFCI research,

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Watch Nifty

Ø  Nifty continued to move down. Though one could expect intermittent pull backs, weakness persists till Nifty touches 4700. We however believe that time-wise, we are closer to the end of correction ( maybe by the end of the current calendar year or the beginning of the next) and we could see the reversal happening. It is time for long term investors to pick and choose good scrips whenever there are reactions.

Ø   Nifty's support for 26/09 is expected around 4800 ( +/- 10 pts.)