08.02.2011
NIFTY FO CLOSED @ 5394 AS ON 08.02.2011
NIFTY FO has resistance @ 5409 to 5419; above which other resistance levels are @ 5423 to 5433. In down side support levels are @ 5373 to 5357 levels; below which other support levels are @ 5333 - 5317 levels in FEBRUARY - 2011. I am positive for next week above 5433 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only and it still a better strategy in the given scenario. One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
