01/11/2010 - 05/11/2010 - NIFTY FUTURE ON DEEPAVALI WEEK

LAST WEEK OUR MARKETS OPEN ON 6120.15 AND INTRA WEEK HIGH WAS ON THE SAME MONDY 6180 AND  LOW WAS ON FRIDAY 5966.20 ON THAT DAY NIFTY BOUNCE BACK  AND CLOSED ON 6043.6 HAVING WEEKLY LOSS OF 46 POINTS FORM THE PREVIOUS WEEK.

NIFTY FUTURE ON 01/11/2010 - 05/11/2010 - WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 6140 AND 6197 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 6261 - 6305.

STRONG SUPPORTS ARE AT 6020 AND 5961 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5922 - 5873 LEVELS.

ANY WAY THE TURNING POINT IS 6118 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.