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Nifty has target of 3972: India Capital Markets

Published on Thu, Jul 17, 2008 at 10:00 , Updated at Thu, Jul 17, 2008 at 10:06
Source : moneycontrol.com

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According to India Capital Markets Technical Analysis report, Nifty above 3896 will set a target of 3931,3972, 4044 & 4088.

India Capital Markets Technical Analysis report:

Nifty has a support at 3794 & 3771 and faces resistance at 3851 & 3896. Nifty above 3896 will set a target of 3931,3972, 4044 & 4088. Nifty below 3794 will set a target of 3774, 3756, 3707 & 3646. Nifty has a major support at 3858 on closing basis (130.90% of the fall i.e. 6357 to 4448). Nifty closed below 3858 can test 3268 (161.80% of the fall).

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