NIFTY FUTURE ON 04/04/2011 - 08/04/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN AT 5670.35 HIGH WAS ON FRIDAY 5884.70 AND THE  LOW  WAS ON MONDAY  5663.55  AND CLOSED AT 5861.35 HAVING WEEKLY GAIN OF 162 POINTS FORM THE PREVIOUS WEEK.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 04/04/2011 - 08/04/2011 - 
WEEKLY TREND

THIS WEEK :
 

MARKET IS IN THE BULLISH SENTIMENT, INDIA WON THE WORLD CUP ALSO CHEER UP THE MARKETS I THINK. SO MARKET MAY GO UPSIDE FOR THE FIRST 2 DAYS. IT MAY GO UP TO 6050 LEVELS.
 
IF MARKET CAME DOWN SIDE IT FILL THE GAP AT 5570-5555 LEVELS.


OUR MARKETS HAVE RESISTIENCE AT 5925 - 5980 IN THIS WEEK. IF THRSE LEVELS  ARE BREACHED THEN MARKET MAY GO UP TO 6075 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5730 AND 5675 LEVELS THESE LEVELS ARE BRACHED  MARKETS MAY GO TO 5535  LEVELS IN THIS WEEK.  

ANY WAY THE TURNING POINT IS 5810 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.