Dec 26,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 3871.15. SENSEX Close 13471.74.

A close below 3801.65 is inevitable. However,a pull back from this level is not ruled out. But the closing low mentioned should happen, before such a pull back. It 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, 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 3817.85. Immediate resistance at 3985.85.

Today's upper band lies at 4081.2. Today's lower band lies at 3735.55.

Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667

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

Stocks to Watch(SHORT TO MEDIUM TERM)

SUJANA METAL