NIFTY 05/07/2010 - 09/07/2010 - WEEKLY LEVELS

NIFTY  05/07/2010 - 09/07/2010 - WEEKLY LEVELS

NIFTY IS NOW AT WEEK POSITION, SO ON 1st TWO DAYS MARKETS ARE GO DOWNSIDE AND AFTER THAT CONSOLIDATION ON THAT LEVELS AND MAY GO UP I THINK.

MARKETS ARE IN WEEK BUT IT IS NOT GO BEYOND 5140 I THINK. IT IS A VERY GOOD SUPPORT LEVEL SO BUYING IN THIS LEVEL IS MOVE UP THE NIFTY THE RESISTENCE ARE AT 5270-5280, 5330-5340 AND BRECHING THE YEAR HIGH AT 5377 LEVELS THEN IT MAY GO UP TO 5450-5500 LEVELS I THINK. 

BUT IT MAY NOT TAKE IN THIS WEEK. SO IT MAY FACE RESISTENCE AT 5280 AND 5320 LEVELS IN THIS WEEK.

IN THE CASE OF IT BREACHES THE 5140 LEVELS IT MAY TAKE SUPPORT AT 5080 LEVELS. IF IT BREACHES 4930 LEVELS THEN MARKETS MAY GO DOWN SIDE UP 4400 - 4200 LEVELS.

SO IN THIS WEEK DOWN SIDE SUPPORTS ARE 5210, 5140 AND 5080.