NIFTY FO has resistance @ 5473 to 5488 above which other resistance levels are @ 5493 to 5507. In down side support levels are @ 5417 to 5403 levels; below which other support levels are @ 5397 to 5381 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 pessimistic outlook but that's the way we tend to be, in this market.
JSW STEEL @ 930 > POSITIVE TREND @ 923 WITH SL @ 917 TARGETS @ 949 TO 954 � 963....!!
TATA MOTORS @ 1187 > NEGATIVE TREND @ 1197 WITH SL @ 1203 TARGET @ 1167 TO 1157 - 1151..!!
TISCO @ 575> POSITIVE TREND @ 571 WITH SL @ 566 TARGET @ 583 TO 588 - 591..!!
