NOV.27,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY is in indecisive zone again. Trend should be set afresh again.

Immediate support lies at 3907.3 and 3899.

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

3790 in the lower side is possible(medium term).

WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 3950).
3711.05 is likely in the medium term (6 month period).

Today's upper band lies at 3938.65. Today's lower band lies at 3657.15.

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)
EMCO
BANK OF BARODA