Sep 25,2008
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NIFTY closes at 4161.25. Sensex closes at 13692.52.

No significant technical signal has emerged to predict the direction of the NIFTY.
4243 is the immediate resistance level. Next support lies around 4040. Asian markets donot provide enough clues to predict the direction of the market.

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.