NIFTY HAVE TO MOVE DOWN NEXT WEEK

With better global clues in morning trade market crossed previous high of 5181.65 ,but party over with in minutes .IIP number at 10.3 below market forecast given way to correction.Actually market don't have enough fuel to go above 5200,it will be good for market if it correct to atleast 4950 levels and then come and cross resistance level of 5200.CALL WRITING in 5200 call confirm that it will be a target for next month.Sensex closed at 17119, down 70 points and Nifty at 5117, down 17 points from the previous close. CNX Midcap index was down 0.73% and BSE Smallcap index was down 0.83%.

This week's flat figures were: Sensex and Nifty ended flat. BSE Midcap index was down 0.6%, BSE Smallcap index up 1.3% over the week. BSE Consumer Goods index was up 4%, BSE IT index up 2%, BSE Metal down 2.8%, and BSE Bankex index down 1.4%.