NIFTY FUTURE ON 18/10/2010 - 22/10/2010 WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 6182 AND INTRA WEEK HIGH WAS 6917.80 AND  LOW WAS 6076.10 IN THE LAST DAY AND CLOSED ON 6092 HAVING WEEKLY LOSS OF 41 POINTS FORM THE PREVIOUS WEEK.

NIFTY FUTURE ON 18/10/2010 - 22/10/2010 - WEEKLY TREND

THIS WEEK OUR MARKETS MAY GET SUPPORT FORM THE 2nd SUPPORT  AND CAME UPSIDE  I THINK. IF 5965 LEVEL IS BREACHED THEN MARKETS GO DOWN SIDE.

OUR MARKETS HAVE A STORNG RESISTIENCE AT 6142 AND 6181 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 6240 - 6284 - 6328.

STRONG SUPPORTS ARE AT 6004 AND 5965 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5910 - 5896 LEVELS.

ANY WAY THE TURNING POINT IS 6078 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.