NIFTY FO has resistance @ 5447 to 5461 above which other resistance levels are @ 5477 to 5488. In down side support levels are @ 5409 to 5397 levels; below which other support levels are @ 5381 - 5370 levels in MAY-2011. I am positive for next week above 5488 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 pressimistic outlook but that's the way we tend to be, in this market.
TELCO FO @ 1148 > POSITIVE TREND @ 1140 WITH SL @ 1133 TARGET @ 1161 TO 1167 � 1173....!!
HERO HONDA FO @ 1818 > NEGATIVE TREND @ 1823 WITH SL @ 1833 TARGET @ 1797 TO 1790 - 1781..!!
BPCL FO @ 623 > POSITIVE TREND @ 617 WITH SL @ 613 TARGET @ 637 TO 641 - 647..!!
