Mar 30,2007

NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
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NIFTY close 3798.1. Sensex 12979.66.

NIFTY didnot test the crucial support at 3738.75 in the past two sessions and had a good rally yesterday. Chart pattern looks good. However, further strengthening is required to confirm this rally.

NIFTY will test 4137.50(inevitable - sure- medium term) any day. This rally might lead to the said target.

Immediate resistance and support for NIFTY stays at 3908.60 and 3738.75.

If 3908.60 is tested expect 3915.90.

Upper Band ->3892.65

Lower Band ->3562.35

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

STOCKS TO WATCH
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