NIFTY FUTURE ON 20/12/2010 - 24/12/2010 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5985 HIGH  ALSO 5985 AND THE  LOW ALSO WAS ON THE SAME DAY 5796.75 AND CLOSED ON 5996.8 HAVING WEEKLY LOSS OF 87 POINTS FORM THE PREVIOUS WEEK.

SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 20/12/2010 - 23/12/2010 - WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 6070 AND 6120 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 6190 - 6220.

STRONG SUPPORTS ARE AT 5880 AND 5830 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5750 - 5700 - 5630 LEVELS.

ANY WAY THE TURNING POINT IS 5962 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

IF OUR MARKET IS NOT GO ABOVE THESE RESISTENCE LEVELS, IT MAY BE CAME DOWN SIDE WHERE THE STRONG SUPPORTS ARE AT 5860 IT BREACHED GO TO 5727 LEVELS THEN OUR TARGET OUR DOWNSIDE THIS WEEK 5630.