NIFTY FUTURE ON 07/02/2011 - 11/02/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5475 HIGH WAS ON FRIDAY 5566.05 AND THE  LOW  WAS ON THE SAME DAY  5356.5  AND CLOSED ON 5387 HAVING WEEKLY LOSS OF 136 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 07/02/2011 - 11/02/2011 - 
WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5435 AND 5485 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 5560 - 5680 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5250 AND 5195 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5105  LEVELS IN THIS WEEK. 

ANY WAY THE TURNING POINT IS 5350 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

This Week Market May Consolidate.