NOV.21,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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3867 on the upperside and 3790 on the lower side are possible. Nifty recovered alas yesterday. But still there is a possible downside. However, if more liquid fund flows in, nothing would stop the rally. It requires higher liquid funds, so that it could cross 3900 convincingly with huge volumes.

Immediate support lies at 3712.65. So,it can fall free till 3750 levels, where some hedge positions would support the market.

NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).

WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 3900).
3711.05 is likely in the medium term (6 month period).

Today's upper band lies at 3916.80. Today's lower band lies at 3639.80.

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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(SHORT TO MEDIUM TERM)

HANUNG TOYS



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