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

LAST WEEK OUR MARKETS OPEN ON 6105 AND INTRA WEEK HIGH WAS ON DEWALI DAY 6349 AND  LOW WAS ON MONDAY 6090.20  AND CLOSED ON 6325.05 HAVING WEEKLY PROFIT OF 282 POINTS FORM THE PREVIOUS WEEK.

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

OUR MARKETS HAVE A STORNG RESISTIENCE AT 6349 AND 6379 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 6408 - 6432.

STRONG SUPPORTS ARE AT 6213 AND 6137 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 6089 - 5912 LEVELS.

ANY WAY THE TURNING POINT IS 6213 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

THIS WEEK MARKETS ARE CAME TO DOWNSIDE ATLEAST FOR FIRST 2 OR 3 DAYS I THINK. BECAUSE THERE ARE 3 LITTLE GAPS IN DOWN SIDE 6316 - 6090 LEVELS. SO IT MAY BE CAME DOWN SIDE TECHNICALLY FULL WEEK ALSO. BUT IT ALSO DEPENDS UPON GLOBEL MARKETS WHICH ARE MORE CHEERFUL NOWADAYS. SO TRADE WITH TREND IS BEST.