MAY 2012 AND THE FIRST WEEK

MAY MONTH :

THIS MONTH MARKET LEVELS ARE IF 5350 IS CROSS THEN IT WILL GO UP TO 5650 OR OTHERWISE BELOW 5000 TRADING ON 1 WEEK THEN IT WILL GO UP TO 4750 LEVELS,

THE TRADING RANGES ARE 4900 - 4310. ONLY BREACHING THIS LEVELS THEN GO TO ANY ONE SIDE.

FIRST WEEK :

THIS WEEK MARKET MAY BOUNCE AT 4900 LEVELS OR OTHERWISE IT WILL GO UP TO 4750 LEVELS. 

FIRST RESISTANCE AT 5000 IF IT WILL BREACH UPPER SIDE GO UP TO 5150 - 5310 LEVELS. 

BUT MARKET IS TRADING RANGE BOUND FOR ONE OR TWO WEEKS I THINK. 4900 - 4150 IS A SHORT TERM LEVELS.  IT WILL BREACH THEN ONLY IT WILL GO ANY ONE SIDE.