Apr 9,2007

NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
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NIFTY close 3752. SENSEX close 12856.1.

Though NIFTY pulled back, still it has not gained good strength. NIFTY waits for a trigger to move either side. Infosys Guidance for FY08 might act as the next trigger. Till then markets may stay indecisive.

Next support level for NIFTY stays at 3675. Immediate resistance for NIFTY stays at 3908.60.

If NIFTY breaks the support level at 3550-3580, it is likely to test an intraday low below 3426.

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 ->3888.

Lower Band ->3578.

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

STOCKS TO WATCH
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[NO STOCKS]

SECTOR WATCH
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SBI raises PLR. Watch Banking Stocks.