NIFTY FUTURE ON 28/03/2011 - 01/04/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN ON 5410 HIGH WAS ON THE FRIDAY 5693 AND THE  LOW  WAS ON MONDAY  5357.25  AND CLOSED ON 5680.7 HAVING WEEKLY GAIN OF 293 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 28/03/2011 - 01/04/2011 - 
WEEKLY TREND

LAST WEEK WE ONLY SAY MARKET MAY GO UP TO 5600 LEVELS WHERE ARE THE WHOLE WORLD IN NEGATIVE SENTIMENT. ARE YOU WHAT WE TOLD ABOUT THE 5175 LOW IT IS NOT CUT AND MARKET IS WENT UP SIDE.  ALL ARE RIGHT YOU KNOW MARKET MAY TO TO OUR LEVELS.

THIS WEEK :

MARKETS GO TO DOWNSIDE TO 5500 LEVELS AT CLOSING BEFORE THAT IT MAY GO UPWARDS LITTLE. WHERE THE TRENDLINE IS THE RESISTENCE ON THAT LEVEL.  GAP ALSO AT 5570-5555 LEVELS. IF MARKETS CUT THAT LEVELS THEN ONLY MARKET  LITTLE WEAK.


OUR MARKETS HAVE RESISTIENCE AT 5830 - 5885 IN THIS WEEK. IF THRSE LEVELS  ARE BREACHED THEN MARKET MAY GO UP TO 5975 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5650 AND 5595 LEVELS THESE LEVELS ARE BRACHED  MARKETS MAY GO TO 5400  LEVELS IN THIS WEEK.  

ANY WAY THE TURNING POINT IS 5725 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.