NIFTY FUTURE ON 21/02/2011 - 25/02/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5346 HIGH WAS ON FRIDAY 5589 AND THE  LOW  WAS ON MONDAY  5336  AND CLOSED ON 5453.65 HAVING WEEKLY GAIN OF 133 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 21/02/2011 - 25/02/2011 - 
WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5480 AND 5555 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 5610 - 5680 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5245 AND 5190 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5165 - 5095  LEVELS IN THIS WEEK. 

ANY WAY THE TURNING POINT IS 5375 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

This Week Market having Budget Rally I Think. ON 254h F&O Close. So We are having Choppy Trades and then Up movement.