NIFTY FUTURE ON 11/10/2010 - 15/10/2010 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 6214.05 AND INTRA WEEK HIGH WAS 6248 AND  LOW WAS 6097.15 IN THE LAST DAY AND CLOSED ON 6133.5 HAVING WEEKLY LOSS OF 43 POINTS FORM THE PREVIOUS WEEK.

NIFTY FUTURE ON 11/10/2010 - 15/10/2010 - WEEKLY TREND

THIS WEEK OUR MARKETS MAY GET SUPPORT FORM THE 2nd SUPPORT  AND CAME UPSIDE  I THINK. IF 6089 LEVEL IS BREACHED THEN MARKETS GO DOWN SIDE 150 POINTS.

OUR MARKETS HAVE A STORNG RESISTIENCE AT 6178 AND 6257 LEVELS THIS WEEK.

STRONG SUPPORTS ARE AT 6127 AND 6089 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5950 LEVELS.

ANY WAY THE TURNING POINT IS 6127 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.