NIFTY Levels for 5th May

>> Monday, May 4, 2009

Markets ended a higher note today.
NIFTY is expected to be in a bullish mode for the next trading section which is tomorrow.

NIFTY magic levels
Current Spot - 3654
Support - 3590 and 3545
Resistance - 3705 and 3758

Over All mode.

FII participation was extraordinary today. If this keeps on coming we are expected to reach 15K in no time. Lol :)

Is swine flu is the main concern any more ? FII's participated in huge numbers today which is over 1.5K crores.
Mid caps may not give high returns in short time. My advice is to stay from them for the time being.