NIFTY FUTURE ON 21/03/2011 - 25/03/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5455.60 HIGH WAS ON THE SAMEDAY 5562 AND THE  LOW  WAS ON TUESDAY  5375.60  AND CLOSED ON 5386.85 HAVING WEEKLY LOSS OF 73 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 21/03/2011 - 25/03/2011 - 
WEEKLY TREND

LAST WEEK ON TUES DAY WE ALERT MARKET MAY FALL THEN AFTER YOU SAW WHAT HAPPEND TO THE MARKET. BUT ON THE SAME TIME MONDAY MARKETS MAY UP WE ONLY TOLD IN INDIA WHERE ALL EXPERTS TOLD ABOUT SELL SIDE ON THAT DAY.

THIS WEEK :

MARKETS GO TO UPSIDE TO 5600 LEVELS WHERE THE TRENDLINE IS THE RESISTENCE ON THAT LEVEL.IF MARKETS CUT THE 5175 LEVELS THEN ONLY MARKET MAY GO MOST BOTTOM SIDE BUT THERE IS NO CHANCE FOR THAT I THINK IN THIS WEEK.

OUR MARKETS HAVE A MINOR RESISTIENCE AT 5425 AND MAJOR RESISTENCE AT 5465 LEVELS IN THIS WEEK. IF THRSE LEVELS  ARE BREACHED THEN MARKET MAY GO UP TO 5510 - 5590 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5295 AND 5255 LEVELS THESE LEVELS ARE BRACHED  MARKETS MAY GO TO 5195  LEVELS IN THIS WEEK.  

ANY WAY THE TURNING POINT IS 5365 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.