Sep 01,2008
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NIFTY closes at 4360.00. Sensex closes at 14564.53.

We quoted, "Short to medium term target is a high above 4364." in friday post. NIFTY tested this target in a single day. Now there is no indication of any trend.

International markets are weak. NIFTY might just follow the same. If there is a bullish momentum, NIFTY could test a range around 4450. If there is a bearishness 4175 is possible on the lower side. These levels are medium term targets.

4400 serves as the short term resistance level. 4460 to 4480, 4573 to 4590 will be the next resistance levels on the upperside. 4320 is the initial support level.