NOV.10,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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If nifty nears target(3900) by 20 to 30 points (short of target), then start booking some profits and expect a small blip or intermediate correction.

Utmost caution should be maintained, since NIFTY has to correct considerably in order to maintain healthy momentum.

3711.05 is likely in the short to medium term.

3491.2 and 3408 is likely to be tested on the lower side. But it might not happen in the immediate future.

Immediate support lies at 3804.80.

Today's upper band lies at 3855.60. Today's lower band lies at 3616.05.

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Support Levels:
3712.60
3671.86
3597.93
3477.46
3371.13
3325.21

Note: These views do not have any relevance to NIFTY futures.

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