NIFTY FUTURE ON 31/01/2011 - 04/02/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5705.25 HIGH WAS 5795.8 AND THE  LOW  WAS  5485  ON FRIDAY AND CLOSED ON 5536.55 HAVING WEEKLY LOSS OF 174 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 31/01/2011 - 04/02/2011 - 
WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5575 AND 5620 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 5685 - 5780 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5425 AND 5380 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5350 - 5300  LEVELS IN THIS WEEK. 

ANY WAY THE TURNING POINT IS 5515 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

This Week First 3 days we expect Selling. So be cautious in buying.