NIFTY FO CLOSED @ 5447 AS ON 5.05.2011
NIFTY FO has resistance @ 5463 to 5477 above which other resistance levels are @ 5489 to 5509. In down side support levels are @ 5417 to 5409 levels; below which other support levels are @ 5397 - 5388 levels in MAY - 2011. I am positive for next week above 5509 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.
