NIFTY FUTURE ON 28/02/2011 - 04/03/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5451 HIGH WAS ON MONDAY 5539 AND THE  LOW  WAS ON FRIDAY  5232.6  AND CLOSED ON 5313.8 HAVING WEEKLY LOSS OF 140 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 28/02/2011 - 04/03/2011 - 
WEEKLY TREND

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5360 AND 5430 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 5500 - 5560 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5165 AND 5110 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5080 - 5010  LEVELS IN THIS WEEK. 

ANY WAY THE TURNING POINT IS 5340 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

THIS WEEK MARKET HAVING BUDGET RALLY I THINK. SO MARKET MAY GO UPWARD MOVEMENTS.