Mar 22,2007

NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
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NIFTY close 3764.55. Sensex 12945.88.

If a rally triggers today, it might be a break out bull rally or a pull back rally.

NIFTY's chart pattern looks good and a close above 3770.55 or an intraday high above
3795.70 will signal bullishness.

Immediate resistance and support for NIFTY stays at 3908.60 and 3655.

Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.

On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).

Upper Band ->4049.52

Lower Band ->3481.17

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

STOCKS TO WATCH
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