05/04/2010 - 09/04/2010 - NIFTY WEEKLY TREND

LAST WEEK MARKET CAME TO OUR SELL LEVEL AND WENT UP TO 5245 LEVELS AND CAME UPSIDE AND CLOSED ON 5306.8.

ON THIS WEEK 05/04/2010 - 09/04/2010

THIS WEEK MARKETS ARE IN VERY OVER BOUGHT CONDITION SO WE ARE VIEWING FOR DOWN SIDE ( WE CONTINUE OUR LAST WEEK VIEW ) .

IF NIFTY CAME UP SIDE ABOVE 5364 THEN OTHER HURDLES ARE AT 5387, 5402 AND 5416.

IF NIFTY BELOW THE 5284 LEVELS THEN IT GOES DOWN SIDE OTHER SUPPORTS ARE AT 5261, 5227, AND 5204.

THE TURNING POINT IS THE 5316 ABOVE THIS LEVEL IS BUY BELOW THIS LEVEL IS SELL.