NIFTY AS ON 03/06/2010

Nifty has crossed first resistance of 5070 and close just below the next resistance marked with yellow line tomorrow I find that markets might open flat to –ve  near 5085 levels and holding those levels shall move towards 5150 – 5190 – 5256 levels with sl of 5060 below which nifty could drift down to the levels of 4995 also we are at the upper end of a triangle pattern seen on nifty chats which is rising upside so convincing close above 5110 could give next tgt of 5180 – 5310 by next week so buy on dips and average it daily also tomorrow is weekly closing which should be above 5070 for weekly trend to remain upwards today most active pe was 5000 and ce was 5100 – 5200 which suggest upward movement to continue further crossing the yellow resistance line also FII and DII are net buyers in the cash segment  nifty swing shall change if close below 4960 WHICH IS MARKED BY PINK LINE for two days till then swing is up WHILE YELLOW LINE IS RESISTANCE LINE MARKED