26/12/2011 - 30/12-2011- NIFTY YEAR END WEEKLY VIEW

THIS WEEK,

• 26th - AMERICAN MARKETS ARE HOLIDAY
• 27th - AMERICAN CONSUMER CONFIDENCE REPORT
• 29th - AMERICAN JOBLESS CLAIM DATA
  

NIFTY FUTURES ARE 77 POINTS UP CLOSE LAST WEEK THAN PREVIOUS WEEK. MARKETS ARE IN WEAK POSITION, BUT YEAR END RALLY CAME ANY TIME. F&O CLOSE ON 29th. SO AVOID TRADING THIS WEEK. OR ONLY DAYTRADING WITH SMALL PROFITS WITH TIGHT STOPLOSS IS POSSIBLE THIS WEEK.

SUPPORTS ARE AT :  4660 IS A MINOR STOP OR 4620 IS THE GOOD SUPPORT IF IT IS BREAK 4540. MARKETS ARE NOT GOING BELOW THIS I THINK.

RESISTANCE ARE AT :  4780 - 4850 ARE RESISTANCE THIS WEEK. IF IT IS BREACHED 4920.

THIS WEEK TRADING RANGE : 4620 - 4850.

THE TURNING POINT IS 4650 ABOVE THIS LONG BELOW THIS SHORT.