NOV.28,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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Though NIFTY is in indecisive zone again, a high above yesterday's high(3975) is sure in the near future(even today). Trend should be set afresh again.

Immediate support lies at 3907.30 and 3899.

NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).

3790 in the lower side is possible(medium term).

WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 3950).
3711.05 is likely in the medium term (6 month period).

Today's upper band lies at 3985.25. Today's lower band lies at 3711.7.

Support Levels:
3839.1
3712.60
3671.86
3597.93

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch(SHORT TO MEDIUM TERM)
HDFC BANK
K SERA SERA
SKUMARS NATIONWIDE
VICEROY HOTEL