NIFTY FUTURE ON 29/11/2010 - 03/12/2010 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5930 AND INTRA WEEK HIGH WAS ON THAT DAY  6027.3 ON THE SAME DAY AND  LOW WAS ON FRIDAY 5727 AND CLOSED ON 5778.15 HAVING WEEKLY LOSS OF 112 POINTS FORM THE PREVIOUS WEEK.

LAST WEEK WHAT WE SAY WAS OF THE DOUBLE BOTTOM AT 5975 IS BREACHED THEN IT  MAY BE A NECKLINE OF HEAD AND SHOULDER IT MAY GO UP TO 5600.

SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 29/11/2010 - 03/12/2010 - WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5878 AND 5937 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 6025 - 6091.

STRONG SUPPORTS ARE AT 5682 AND 5613 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5576 - 5539 LEVELS.

ANY WAY THE TURNING POINT IS 5791 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

IF MARKET OPENS ON WEAK NOT ON MONDAY THEN THIS WEEK AT 5600 WE EXPECT THE JUMP - IN SHORT TERM OR OTHERWISE MONDAY MARKETS MOVES ON UPSIDE THEN THIS WEEK CLOSED AROUND 5600.