NIFTY FO CLOSED @ 5529 AS ON 16.03.2011
NIFTY FO has resistance @ 5555 to 5573
above which other resistance levels are @ 5588 - 5610.
In down side support levels are @ 5509 - 5497
levels; below which other support levels are @ 5481 - 5471
levels in MARCH - 2011. I am positive for next week above 5610 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.
