Apr 13,2007

NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________

NIFTY close 3829.85. SENSEX close 13113.81.

NIFTY could tread up or down based on some triggers(INFOSYS RESULTS & other triggers). On the lower side NIFTY might test 3799.10 and on the higher side 3876.35 in the near future. But the level that would be tested first is unpredictable. It all depends on the market conditions.

A close above 3875.90, will make NIFTY further bullish. If it happens, NIFTY might move up well.

Immediate support level for NIFTY stays at 3744.20. Immediate resistance for NIFTY stays at 3908.60.

NIFTY will test 4137.50 in the future(inevitable - sure- medium term) any day. NIFTY has to strengthen again to test this levels.

Upper Band ->3929.40.

Lower Band ->3588.33.

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

STOCKS TO WATCH
--------------------
country club