NOV.29,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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A high above 3975 and a low below 3911.55 is sure in the near future. Though NIFTY corrected few points yesterday, nothing significant have happened. The support levels are firm and stays unbroken. Expect more volatality.

Immediate support lies at 3907.30 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 3991.05. Today's lower band lies at 3720.47.

Support Levels:
3839.1
3712.60
3671.86
3597.93

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

Stocks to Watch(SHORT TO MEDIUM TERM)
IDFC