NIFTY FO has resistance @ 5509 to 5519 above which other resistance levels are @ 5533 to 5540. In down side support levels are @ 5470 to 5457 levels; below which other support levels are @ 5433 to 5420 levels in MAY-2011. I am positive for next week above 5540 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.
MARUTI FO @ 1218 > POSITIVE TREND @ 1209 WITH SL @ 1203 TARGET @ 1229 TO 1233 � 1240....!!
ACC FO @ 996 > NEGATIVE TREND @ 1003 WITH SL @ 1013 TARGET @ 977 TO 971 - 963..!!
TATA MOTORS FO @ 1197 > POSITIVE TREND @ 1190 WITH SL @ 1183 TARGET @ 1209 TO 1217 - 1223..!!
