NIFTY FUTURE ON 14/03/2011 - 18/03/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5500.05 HIGH WAS ON WEDNESSDAY 5572.8 AND THE  LOW  WAS ON MONDAY  5400.25  AND CLOSED ON 5459.6 HAVING WEEKLY LOSS OF 76 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 14/03/2011 - 18/03/2011 - 
WEEKLY TREND

LAST WEEK WE TOLD ABOUT MARKET MAY CAME TO 5400 LEVELS. THE EXACT LOW OF THE MARKET WAS 5400. YOU SEE THAT. 

OUR MARKETS HAVE A STORNG RESISTIENCE AT 5495 AND 5555 LEVELS THIS WEEK. IF IT IS BREACHED THEN MARKET MAY GO UP TO 5615 - 5725 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5330 AND 5280 LEVELS IF IT IS BRACHED  MARKETS MAY GO TO 5200  LEVELS IN THIS WEEK.  

ANY WAY THE TURNING POINT IS 5425 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.

THIS WEEK MARKET MAY CAME UPSIDE I THINK. IT MAY CAME UP TO 5700 LEVELS. DON'T GO SHORT ON MONDAY IT MAY BE A CHOPPY DAY THEN MARKET MAY GO UPSIDE REMAINING DAYS.