NIFTY FUTURE ON 17/01/2011 - 21/01/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5924.70 HIGH  ALSO  5924.70 AND THE  LOW  WAS  5638.10  ON FRIDAY AND CLOSED ON 5654 HAVING WEEKLY LOSS OF 210 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 CLOSES BELOW THAT LEVELS NOW. 
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 17/01/2011 - 21/01/2011 - 
WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5699 AND 5759 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 5850 - 5920 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5620 AND 5550 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5450  LEVELS IN THIS WEEK. 

ANY WAY THE TURNING POINT IS 5675 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK. 

              

 HAPPY PONGAL 

AND 

TAMIL NEWYEAR 

WISHES TO ALL OF OUR READERS.