>> Saturday, May 9, 2009
NIFTY Rallied the whole week but witnessed profit booking section yesterday.
NIFTY mode is expected to be moderate (Range bounded).
Election results on 16th May can also determine these levels.
NIFTY magic levels
Current Spot - 3620.70
Support - 3540 and 3470
Resistance - 3725 and 3805
Over all mode - Range bounded. Signifies wait and watch.
NIFTY TRIN - 1.735
Stock to look out for -
HDIL , DLF and LNT