Saturday, February 5, 2011

Nifty Point & Figure (PnF) Analysis - Week 100207 - 0211

Weekly Analysis:

Daily Analysis:

Hourly Analysis:


Status-quo maintains - all DOWN. Immediate target 5250. Resistance 5420.
Unfortunate part is we are always in search of an early bottom in a bear market and early top in a bull market.


  1. Dear Rajib,

    Nice analysis.Perfectly agree with you of limited upside as of now.

  2. Thanks Rajib,
    comprehensive analysis.P&F looks to me a very precise and objective method ,without any noises ,or is it your way of analyzing that makes it so :) .
    I wish i had some extra time on hand to learn it.

  3. @ Umash,

    Thanks. There might not be reversal but there are always chances of sideways movement. I as a trader always try to avoid going long in these periods, always "sell on rise" (a term my sir often uses).

    @ AAR VEE,

    I am fluttered :P;
    But it's true P&F is very much noise free. Try out some time, may be I will get some gem out of your treasure hunt. :)