Dec 18,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 3888.65 . SENSEX Close 13614.50.

As mentioned in the previous post, NIFTY has sustained and closed above 3861.25. It is a good signal. A close above 3896.30 is inevitable.

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 3985.85.

Today's upper band lies at 4083.80. Today's lower band lies at 3756.45.

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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