NIFTY FO CLOSED @ 5503 AS ON 23.03.2011
NIFTY FO has resistance @ 5519 to 5533; above which other resistance levels are @ 5547 to 5555. In down side support levels are @ 5488 to 5473 levels; below which other support levels are @ 5460 to 5454 levels in MARCH-2011. I am positive for next week above 5555 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.
