Aug 29,2008
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NIFTY closes at 4214.00. Sensex closes at 14048.34.

Inflation and international markets trend likely to trigger a sharp up move. Short to medium term target is a high above 4364. 4450 will be the next target on the upper side. Nifty testing a low below 4195 is desirable.

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.