NIFTY FUTURE ON 10/01/2011 - 14/01/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 6202.1 HIGH  ON THE TUESDAY  6209 AND THE  LOW  WAS  5891.35  ON FRIDAY AND CLOSED ON 5914.15 HAVING WEEKLY LOSS OF 246 POINTS FORM THE PREVIOUS WEEK.

LAST WEEK WE TOLD ABOUT DOWN SIDE AND IN INTRA WEEK I TOLD MARKET MAY CAME DOWN UP TO 5700 MARKET ON FRIDAY IN DEEP RED ALSO. ALL ARE DONE. 
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 10/01/2011 - 14/01/2011 - 
WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 6076 AND 6126 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 6300 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5900 AND 5850 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5750  LEVELS IN THIS WEEK. 

ANY WAY THE TURNING POINT IS 6000 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.               

MONDAY MARKETS MAY BE CLOSED ON LITTLE GREEN BUT AFTER THAT MARKET MAY FALL I THINK. UPSIDE NOT POSSIBLE IN THIS WEEK.