Sep 24,2008
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NIFTY closes at 4126.90. Sensex closes at 13570.31.

As of now NIFTY blindly follows world market. Next support lies around 4040. Asian markets donot provide enough clues to predict the direction of the market.

4157 is the immediate resistance level. If there is a good positive momentum NIFTY could test 4350 level.

But if it trades negative consistently a new low below 3790 could be expected in medium term.