NIFTY FO CLOSED @ 5737 AS ON 18.04.2011
NIFTY FO has resistance @ 5747 to 5760 above which other resistance levels are @ 5777 to 5790. In down side support levels are @ 5709 to 5690 levels; below which other support levels are @ 5681 - 5670 levels in APRIL - 2011. I am positive for next week above 5790 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.
