Watch Nifty Ø 28 Sept 2011:: IFCI research,

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Watch Nifty

Ø  Nifty  made a smart recovery - higher than our target of 4950. With this cross over of 4950, our targets are reset to 5180-5200. Unless it closes beyond, we can expect reaction yet again in the next few sessions. However, if it closes beyond, the near term outlook turns to neutral from bearish.

Ø  Nifty's resistance for 28/09 is likely around 5000-5020.