NOV.14,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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Indicators show positive signs for NIFTY. If some hedge positions build further near
3800, further upmove would be made easier. Even some consolidation can be expected here before an upmove. Nifty has pierced the upper band yesterday.So,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 3820.85 and 3804.80.

Today's upper band lies at 3866.25. Today's lower band lies at 3628.05.

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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.

Stocks to Watch

SUJANA METAL
ASHOK LEYLAND above 47. Target 50+.