TECHNICAL OUTLOOK 29 JANUARY

Nifty 4147.70

Nifty never violated 4055 level and moved up towards 4200. As mentioned earlier, it is likely to test 4200-4220 level before going in for a minor correction. And this view holds good as long as Nifty sustains above 4050.

In the extreme short term, if Nifty sustains above 4100, it is likely to test 4200.

Today, if Nifty sustains above 4120, it has potential of testing 4180 and above 4180, it could test 4200.



Now the broad stop loss for the longs is 4050.



Full contents of our Newsletter, including short term outlook of Nifty, short term trading calls, and delivery calls are available for subscribers.





Medium term Outlook of Nifty (dated 01/11/2006)

The medium term trend in Nifty is looking bullish and it has potential of testing 4200 in coming months. And this view holds good as long as Nifty stays above 3600.

Long term Investors can remain invested for the next medium term target of 4200 in coming months with a stop at 3600.





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