Dec 20,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 3832 . SENSEX Close 13382.01.

An intraday low of 3770.55 is inevitable. But the time of its occurence is not predictable. If NIFTY closes below 3822.85, then a close below 3801.65 is inevitable.
Even a pull back from this level is not ruled out. But the intraday low should occur, which would provide strength to pull back.

NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, maintaining patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.

Immediate support lies at 3733.50. Immediate resistance at 3985.85.

Today's upper band lies at 4085.70865. Today's lower band lies at 3759.467.

Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667


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

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