We saw good after budget rally but once again nifty unable to breck & sstn abv 5600 level.
Nifty made low of 5404 & high 5563 both in  intraday only. unable to close blw 5400 &
unable to close abv 5600. Mkt ll remain range bound. Mkt remain highly stock specific only.
Profit booking take place at higher level. The follow up buying or Selling was not seen in mkt. & volume also not
much supportive. After breching 5400/5200 or 5600 ll decide the next direction.

After middle east tension , earth quack & tsunami in japan drag the market down.
But this may not be the end of story.
As per CNN report we ll see some more unrest in middle east.
http://edition.cnn.com/2011/WORLD/africa/03/08/middle.east.africa.unrest/index.html

Monetary policy ll be declare on 17th. May be rate ll remain unchange.

FII wkly net positional dn 64.77 Cr.
DII wkly net positional up 239.32 Cr.

Nifty 200 DEMA 5595.91.
Nifty  50 DEMA 5575.05.

Nifty Suprt 5400-5300-5200
Nifty Rstce 5500-5550-5590-5610.

Stock to watch for next wk

Reliance  Suprt 970-950-930  Rstnce 995-1009-1030.
LT suprt 1530-1500 1460 Rstnce 1600-1630-1680-1700.
BHEL Suprt 1960-1900-1820 Rstnce 2070-2180-2360.
TATA MOTORS Suprt 1120-1070-1030 Rstnce 1175-1210-1260. 
(Tata Motors close blw 1030 thn more dwnside ll be seen.)
TATA STEEL  Suprt 570-550-500 Rstnce 630-660-680.
SBIN Suprt 2550-2500-2380 Rstnce 2660-2720-2800.