NIFTY FO CLOSED @ 5860 AS ON 1.04.2011
NIFTY FO has resistance @ 5888 to 5897 above which other resistance levels are @ 5903 to 5917. In down side support levels are @ 5830 to 5817 levels; below which other support levels are @ 5808 - 5790 levels in APRIL - 2011. I am positive for next week above 5917 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.
