Watch Nifty Ø 28 Oct 2011:: IFCI research,

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Watch Nifty

Ø  Nifty moved past 5200 (at last its attempt was successful) and also closed slightly above 5200. One more conclusive close above 5200 will turn the near term to neutral from negative. Bank Nifty, for the first time in recent memory has turned a laggard instead of being the leader. It is however expected to move in sync with Nifty.

Ø  Nifty's resistance for 28/10 is expected around 5280.