Some simple resolves for the year ... 2011

An opportunity to thank all of you whole-heartedly. I have learnt a lot on this way from many of you. There will be many to count. A special mention for my sir 'iLango'. Sir you taught me character. I think that's the most important thing a trader should have to succeed. I have often been able to read the charts quite successfully, it's only my character that let me down.

Nifty Point & Figure (PnF) Analysis - Week 201227 - 1231

Weekly Analysis:

Daily Analysis:

Hourly Analysis:

Summary:

Weekly & Hourly in UP mode. Daily undecided in a range. Resistance 6130 - 6140 range. Support 5940 - 5700.

Nifty Point & Figure (PnF) Analysis - Week 201220 - 1224

Weekly Analysis:

Daily Analysis:

Hourly Analysis:

Summary:

Week & Daily seeking direction. Hourly in UP move. Major resistance to monitor 6095 - 6105. Support minor 5750, major 5500. The three time frames have some confluence in terms of the resistance at 6100.

Nifty Point & Figure (PnF) Analysis - Week 201213 - 1217 - Update on 1412

This is a mid-week update. Joda, I think we still need some confirmation.

Hourly Chart:

Daily Chart:

Summary:

A decisive move above 6135 only confirms a new high. Until then all DOWN side possibilities exist. Movements might be in sideways till the week comes to end.

Nifty Point & Figure (PnF) Analysis - Week 201213 - 1217

Weekly Analysis:

Daily Analysis:

Hourly Analysis:

Summary:

Weekly still DOWN. Daily found support. Hour UP trending.
Immediate resistance: 5560 >> (6080-6100), Support: 5790 >> 5540.

Special Note: TPO for DOWN side calculation: 6007 - 16*10*3 = 6007 - 480 = 5527

Nifty Point & Figure (PnF) Analysis - Week 201206 - 1210

Weekly Analysis:

Daily Analysis:

Hourly Analysis:

Summary:

Weekly & Hourly show resistance at present price level or around 6180 level. Supports in different time frames come at 5890 >> 5740 >> 5620 level.