Dec 14,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY has closed convincingly above 50 day sma. It is a good sign. If it crosses 3861.25 convincingly and sustains above it, then the pull back may end up with new highs within two months.

NIFTY charts has an indication for a new high, before the fall started. It may take some time. So patience and discipline in investing would fetch decent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.

Immediate support lies at 3733.50. Immediate resistance at 3870.95.

Today's upper band lies at 4083.75. Today's lower band lies at 3755.35.

Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667


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

Stocks to Watch(SHORT TO MEDIUM TERM)

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