Apr 16,2007

NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
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NIFTY CLOSE 3917.30. SENSEX CLOSE 13384.10

NIFTY chart pattern looks bullish. A close above 3965 could be expected in the near future.
Immediate support level for NIFTY stays at 3813.90. Immediate resistance for NIFTY stays at 3908.60.

UPPER BAND-> 3949.90
LOWER BAND-> 3581.80

If NIFTY moves above upper band by 20-30 points it may retrace from the day's top.

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

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

STOCKS TO WATCH
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TATA STEEL