Weekly View -- 30/05/11 -- 03/06/11

A good recovery on last day of the week, and closed the weekly bar in positive.
After so many days, have seen some strength in day chart, last days closing is in the positive territory, but it is now trading at crucial area for bulls and bears.
Now bears need to do some extra job and have to give there full strength.
Because it is already just entered in bulls zone.........

For Monday.......5395-5397......is the crucial support.......below this again panic fall start up to
5323..and again the whole game will be with the bears group.

On Monday if trade below 5478/76......

Then can fall to 5464/60..It is the ultimate level and the SL
for long trade for Monday only.
Below 5460 NF can fall up to 5415-5400.

And On Monday if trade above 5478/76......

Above 5478 ......nearest Resistance is at 5491, 5501,5515,5519........
Above 5519..can go towards 5550-5554-5558.

Last Friday day i found that, 5300 and 5400 is the strongest support area in option segment.


For this week( New week--30/05/11 -- 03/06/11) -----

If NF can close above 5496,5548 and ultimate level 5580 in this week.....Then a very short term bull run will start,Weekly closing above 5580... is good for bulls....
And if this can happen then NF can go towards 5896 and can go above 5900......

Lets see.........

Will again post in mid week........... and will post Intra-day view in Google-group....






All levels are for my own trading purpose,support,resistance and target. Others can use it for educational purpose.