NIFTY FO has resistance @ 5577 to 5593 above which other resistance levels are @ 5608 to 5617. In down side support levels are @ 5517 to 5503 levels; below which other support levels are @ 5493 to 5481 levels in MAY - 2011. I am positive for next week above 5588 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.
AXIS BANK @ 1245 > POSITIVE TREND @ 1237 WITH SL @ 1233 TARGET @ 1263 TO 1269 � 1277....!!
HERO HONDA @ 1787 > NEGATIVE TREND @ 1797 WITH SL @ 1803 TARGET @ 1767 TO 1753 - 1744..!!
EDUCOM LTD @ 444 > POSITIVE TREND @ 437 WITH SL @ 433 TARGETS @ 459 TO 463 - 467..!
