Daily Technicals - Oct 6 2008

Nifty: (3818) for this week...Expect it to fall down to 3775 & there after to 3722-3715. Consider 3722-3715 a most crucial support area from where buying support not ruled out.
Break below 3715 it'll turn further weak & fall down to 3685, 3575 & there after to 3475.
Upward side 3862 a nearest & 3931 a crucial resistance, keep stop loss of 3931 to your sales.
A close above 3931 it'll turn positive & surge up to 4052.
A close above 4052 it'll turn total positive & spurt up to 4177 & 4286.

Nifty Future: (3839) For this week...Expect it to fall down to 3766 & there after to 3707 initially. Consider 3707 a most crucial support area from where buying support not ruled out, if it remains intact then expect bounce back.
In total worst scenario break below 3707 it'll turn further weak & fall