ON 16th-19th AUG 2011 - NIFTY FUTURE - WEELY

LAST WEEK NIFTY HAD A CHOPPY SESSION OPENED ON 5120.2 CLOSED ON 5079.85  HIGH WAS 5223 LOW WAS 4951.

THIS WEEK :


MARKET HAS A STRONG RESISTENCE AT 5330 - 5350  LEVELS. IF MARKET HAS A UP MOVE IN THIS WEEK IT WOULD NOT BE GO BEYOND THIS LEVEL.
 
ABOVE 5195 MARKET IS POSTIVE FOR THIS WEEK. TARGETS ARE 5265, 5330.

BELOW 4970 IT MAY GO ONLY UP TO 4805 LEVELS IN THIS WEEK.


GOOD SUPPORT AT 5050 AND 4995 LEVELS. RESISTENCES ARE AT  5120 - 5150 LEVELS.

OUR COMMENT :

MARKET MAKE A UPMOVE IN THIS WEEK IF IT GOES DOWNSIDE AT LAST IT WILL RECOVERS AND CLOSE NEAR OPEN i.e. CHOPPY MARKET.

MONDAY WE HAVE A HOLIDAY, THURSDAY F&O CLOSING.