NIFTY FUTURE ON 18/04/2011 - 22/04/2011 - WEEKLY TREND

LAST WEEK OUR MARKETS OPEN AT 5836.90 HIGH WAS ON WEDNESSDAY 5947.6 AND THE  LOW  WAS ON SAMEDAY  5750.65  AND CLOSED AT 5834.15 HAVING WEEKLY LOSS OF 20 POINTS FORM THE PREVIOUS WEEK. ONLY 3 WORKING DAYS, SO LOT OF SWING IS THERE.
 
SO WHAT ABOUT THIS WEEK ?

NIFTY FUTURE ON 18/04/2011 - 22/04/2011 - 
WEEKLY TREND

THIS WEEK : 

MARKET DEPENDS UPON COMPANY RESULTS. UP SIDE IS POSSIBLE MOSTLY.
  
IF MARKET MAY GO BELOW 5800 WITH HEAVY VOLUMES  THEN ONLY  MAY  FILL THE GAP AT 5570-5555 LEVELS.

OUR MARKETS HAVE RESISTIENCE AT 5910 IN THIS WEEK. IF THRSE LEVELS  ARE BREACHED THEN MARKET MAY GO UP TO 6000 LEVELS IN THIS WEEK.

STRONG SUPPORTS ARE AT 5785 AND 5755 LEVELS THESE LEVELS ARE BRACHED  MARKETS MAY GO TO 5660  LEVELS IN THIS WEEK.  

ANY WAY THE TURNING POINT IS 5835 LEVELS ABOVE THIS POSITIVE BELOW THIS MARKETS ARE WEAK.