Mar 7,2007

NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
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NIFTY close 3655.65. Sensex 12697.09.

NIFTY atlast had a positive day and closes above lower band. However, still weakness prevails. An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated.

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

Upper Band ->4399.36

Lower Band ->3604.47

Significant support for NIFTY stays at 3420.50.


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

STOCKS TO WATCH
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shree renuga sugars
MTNL