NIFTY FO CLOSED @ 5286 AS ON 24.02.2011
NIFTY FO has resistance @ 5297 to 5309, above which other resistance levels are @ 5317 to 5330. In down side support levels are @ 5247 to 5233 levels; below which other support levels are @ 5219 to 5209 levels in MARCH-2011. I am positive for next week above 5330 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 its 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.
