NIFTY FUTURE ON 13/12/2010 - 16/12/2010 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 6035 AND INTRA WEEK HIGH WAS 6094 AND THE  LOW WAS ON FRIDAY 5748 AND CLOSED ON 5879.6 HAVING WEEKLY LOSS OF 137 POINTS FORM THE PREVIOUS WEEK.

SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 13/12/2010 - 16/12/2010 - WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5920 AND 5990 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 6155 - 6220.

STRONG SUPPORTS ARE AT 5850 AND 5780 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5630 - 5550 LEVELS.

ANY WAY THE TURNING POINT IS 5890 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

MARKET CHOPPY ON MONDAY - FRIDAY IS THE HOLIDAY ONLY WE HAVE 4 TRADEING SESSIONS IN THIS WEEK. SO WE HAVE LAST 3 DAYS MORE TRENDING MARKET. 

MONDAY IF MARKET CLOSES BELOW 5920 THEN MARKET MAY BE DOWNTREND. IF GOES UP TO 5730 AND THEN 5650 THIS WEEK. IF MARKET UPS IT MAY BE DIRECTION TO NEW HIGHS.

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