NIFTY - Weekly outlook.

* 5345 to 5365 is an important support level for this week.

* 5475 to 5500 can act as a resistance zone.

* 5356.90 is a Monthly Floor pivot.

* For forthcoming days, 5236.30 can be interesting level to be watched if we get weekly closing below 5356.90.

* Buy and hold in panic !

* Move above 5500 can bring in short covering.

STOCK MARKET IS SMARTER THAN TRADERS

Expect gap up opening on Monday 10th Nov 08.

Comparing 52wk Highs and Lows of NIFTY

INDICATORS	08JAN08 H:6357.1	27OCT08 L:2252.75
Accumulation/Distribution	300.80	-50.90
Aroon Oscillator (14)	85.71	-100.00
Aroon Up Down	100.00 14.29	0.00 100.00
Av.Directional Index +DI(14) -DI(14) ADX(14)	30.60 8.972 38.19	5.489 51.51 62.85
Avg True Range True range ATR(14)	135.50 115.40	332.60 239.40
Bollinger Width (20,2)	679.30	1651
Chaikin Money Flow (21)	0.1633	-0.2071
Chaikin Oscillator	23.38	-9.109
Chaikin Volatility (10,10)	-28.08	13.84
Close Location Value	-0.0221	0.6325
CCI (20)	143.60	-221.80
Detrended Price Oscillator(20)	234.90	-860.50
Donchian Width (20)	680.40	1858.00
Ease of Movement EMV EMV EMA (9)	254.50 112.30	-10754 -3521
Fast Stochastic %K(5) %D(3)	76.62 85.70	27.09 13.79
MACD12,26,9 MACD(26,12) EXP(9) Divergence	121.40 99..77 21.62	-351.70 -280.20 -71.41
Mass Index	23.69	26.76
Momentum(12)	536.70	-989.50
Money Flow Index 14	80.95	23.09
Negative Vol. Index 20 NVI NVI SMA (20)	115.50 112.30	55.53 62.01
On Balance Volume	236.70	-178.20
Performance	40.92	-59.86
%PriceOscillator12,26,9PPO(26,12) EMA (9) Divergence	1.975 1.644 0.3306	-11.41 -8.488 -2.921
%Volume Osc.2,26,9 PVO(26,12) EMA (9) Divergence	5.506 2.095 3.411	-5.203 -3.333 -1.871
Pos Volume Index20 PVI PVI SMA (20)	122.0 120.8	72.29 86.54
Price Volume Trend	5.952	-10.71
Rate of Change (10)	5.058	-27.69
RSI (14)	69.36	20.925
Slow Stochastic %K(5) %D(3)	85.7 85.25	13.79 12.73
StochRSI (14)	100	14.50
TRIX (12)	1.003	0.9869
Ultimate Oscillator (7,14,28)	66.20	37.22
William’s%R	-10.18	-81.66