NIFTY FO has resistance @ 5581 to 5593 above which other resistance levels are @ 5609 to 5619. In down side support levels are @ 5547 to 5530 levels; below which other support levels are @ 5517 to 5509 levels in MAY - 2011. I am positive for next week above 5609 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.
HDFC BANK FO @ 2255 > POSITIVE TREND @ 2247 WITH SL @ 2230 TARGET @ 2269 TO 2277 � 2288....!!
ACC FO @ 989 > NEGATIVE TREND @ 997 WITH SL @ 1003 TARGET @ 973 TO 966 - 960..!!
MARUTI FO @ 1225 > POSITIVE TREND @ 1213 WITH SL @ 1203 TARGET @ 1239 TO 1245 - 1251..!!
