Nifty Analysis for coming week 26-30/05/2010

Nifty Analysis for coming week 26-30/05/2010 has been updated.
WEEK GONE BY
Nifty cracked sharply on Monday and tested 50 EMA. Rest of the week saw Nifty posting gains which helped to regain lost ground and close the week on positive note. Weekly high was 5331.80, weekly low was 5160.90
WEEK AHEAD
Nifty strong above 5330 areas, weakness only below 5220. Nifty weekly supports 5260-5220-5160, weekly resistances 5380-5440-5500.
Chart of Nifty