Aug 27,2008
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NIFTY closes at 4337.50. Sensex closes at 14482.22.

Indecisiveness in NIFTY stays. Yet to set a new trend. A low below 4285 is possible. It is not surprising if this level is tested. A high above 4345 is desirable. It may even help upward momentum.

4400 serves as the short term resistance level. 4460 to 4480, 4573 to 4590 will be the next resistance levels on the upperside.If there is any bullish momentum NIFTY would test 4450 levels. Still 4230 to 4240 serves as the critical support level.