ON 12/09/2011 - 16/09/2011 - WEEKLY - MARKET TRENDS

 

LAST WEEK MARKET GAINS  AND FRIDAY MARKET DOWN DUE TO PROFIT BOOKING. AND CLOSED IN MIDDLE LEVEL OF UP AND DOWNS. SO THIS WEEK MARKET MENTALITY DEPENDS UPON GLOBEL CUES ONLY.

THIS WEEK

MARKET HAS A STRONG RESISTENCE AT 5175 - 5225 LEVELS. IN UPSIDE MARKET HAS A GAP AT 5325 LEVELS IF MARKET GOES UPWARD MOVEMENT, THIS GAP MAY BE FILLED.

BUT GLOBEL CONDITIONS ARE VERY WEAK, SO IF MARKET GOES DOWNSIDE SUPPORTS ARE AT 5000 - 4940 LEVELS IF IT BREAKS THEN IT MAY GO TO 4865 - 4800 - 4720 LEVELS.

MONDAY MARKET MAY OPEN IN GAPDOWN. 

SO FOR TOMORROW INTRA LEVELS YOU WATCH TOMORROW MORNING 8.30 a.m.