NIFTY FO CLOSED @ 5562 AS ON 3.05.2011
NIFTY FO has resistance @ 5588 to 5597 above which other resistance levels are @ 5607 to 5619. In down side support levels are @ 5533 - 5519 levels; below which other support levels are @ 5509 - 5497 levels in MAY to 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.
