OCT 27, 06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY may move up further if it crosses important short term resistances at
3690.85
3693.70
3727

PCR OI is higher, indicating least possibility of deep correction(short term) .

An intraday low below 3540.45 (NIFTY) is likely. It may take some time.

3491.2 is likely to be tested on the lower side.
3408 is likely on the lower side.

More caution is required at these levels. Trade with strict stoplosses.

Today's upper band- 3741.85.
Today's lower band- 3486.

Support Levels:
3597.90
3477.10
3371.1333
3325.2167
3300.0167

Note: These views are with relevance to spot NIFTY. It has nothing to do with NIFTY futures.

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ADVANI HOTEL