NIFTY FUTURE 1st WEEK OF AUG 2010 LEVELS

NIFTY FUTURE 1st WEEK OF AUG 2010 LEVELS

LAST WEEK NIFTY FUTURE CLOSES IN WEAK POSITION. SO THIS WEEK WE EXPECT A WEEKER MARKET OPENINGS AND ALSO THE DOWNSIDE OF THE MARKET OVER ALL THIS WEEK.

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5427 AND 5480 LEVELS THIS WEEK. IF IT IS BREACH THEN IT MAY GO UP TO 5505 - 5530 LEVELS.

STRONG SUPPORTS ARE AT 5348 AND 5312 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5280 LEVELS WHERE THE GAP IS SITUVATED SO IT MAY BE FILLED IN THIS WEEK.

FRESH LONGS MAY BE AT THE REVERSAL FROM THE 1st SUPPORT ONLY OTHER WISE YOU MAY ONLY IN SHORT POSITION. 

ANY WAY THE IMPORTANT TURING POINT IS 5389-5395 LEVELS. ABOVE THIS MARKETS ARE STORNG BELOW THIS MARKETS ARE WEAK.