TECHNICAL OUTLOOK 16 JANUARY

Nifty 4078.40

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DELIVERY CALL

Bank of Rajasthan 42.90

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 70 in coming weeks. Buy on decline with a stop at 38.

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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