WEEKLY REVIEW

JAY SWAMINARAYAN....WE EXPECT NOW NIFTY HAVE TO FACE VERY  STRONG  RESISTANCE  AT 5930-6020 LEVEL . IT IS VERY HARD FOR NIFTY TO GIVE CLOSE ABOVE 6020 AND SUSTAIN ABOVE 6020. [THERE ARE VERY LITTLE CHANCE , BUT ONCE NIFTY WILL GET SUCCESS TO SUSTAIN ABOVE 6020 THEN WE WILL SEE  MORE UPSIDE BEFORE MAY-2011]. WE EXPECT NOW NIFTY NEAR TO SURRENDER IT'S GAIN AND GO BACK TO TEST 5800-5750 LEVEL AFTER 2-3 DAY'S. IF NIFTY NNOT HOLD 5750-5660 LEVEL THEN WE SEE SHARP DOWN FALL TOWARDS 5400-5300. NOW DAY BY DAY NIFTY LOSE IT'S STRENTH & MOMENTUM BUT BEFORE THIS HAPPENED A JERK IS NOT RULED OUT .

NIFTY ::  OP = 5842 , HI = 5918.70 , LO = 5833.20 , CL = 5908.45 .