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Monday, May 28, 2007

Citigroup Weekly Technicals


Citigroup expects the strength to continue.They believe the index has support around 4209 & 4141 during the current week. Resistance can be seen around 4291 (high of 23 May 07) which is likely to be tested during the current week. They think the Nifty can move towards the 4300 level while 4141 is the support.