Sep 26,2008
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NIFTY closes at 4110.55. Sensex closes at 13547.18.

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 trade negative despite good positive close in dow, nasdaq and s&p.

If there is a good positive momentum NIFTY could test 4350 level in medium term.

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