Watch Nifty Ø 1 Dec 2011:: IFCI research,

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Watch Nifty

 

Ø  Nifty did a yo-yo without a clear direction. One can however expect a definite direction in the next few sessions. The outside boundaries are 4500 to 5400 and the inner range would be 4630-5200.

Ø  Nifty's resistance for 01/12/11 is expected around 4900 (+/- 10 pts.) and support is likely around 4700 (+/- 10 pts.)