Thursday, April 28, 2011

Nifty Point & Figure (PnF) Analysis - Week 0205 - 060511

As I won't be available from tomorrow onwards for sometime, I'm blogging today with one more day to spare to the week. I'm changing my professional career. Getting from a relatively slower pace to a very fast one, perhaps. I don't know how much I'll be able to dedicate time to my lovely blog and my passion "Nifty"; and of-course to my continuous learning "to trade".

My apology if I can't blog every week. However, I shall try my best to do so. A few points to remember only for traders who follow P&F:
  • Intra-day is not for us. Even not with the hourly charts.
  • Trade the weekly trend.
  • Get support from daily chart.
  • Look for reverse trend in hourly chart to initiate the trade.
If we do so, there won't be more than 2-3 trades in a month. I believe 14-15 successful trades in a year is good enough than 100 success & 100 failures.

Weekly Analysis:

Daily Analysis:

Hourly Analysis:


Weekly, Daily & Hourly on support line. Break of each will signify gradual weakness. 5700 once again would be decider.


  1. Hi Rajib,

    All the Best for ur new assignment.
    Surely ur weekly updates will be missed.
    Do keep posted when u get time.


  2. Hey Rajib...u r one of the best analyst....Please dont STOP ur weekly updates....n i will be tryin to learn pnf.....what softare do u use for the analysis??

  3. @ AAR VEE & alphabet1,

    Thanks a lot. I shall try my best and I will definitely miss the community.


    thanks a lot for the compliment :).
    I shall try my best to keep posting. PnF is very easy compared to other methods. I have developed an excel application to create P&F charts. You can download it from the "DOWNLOAD LINK" at the right hand side of the page.


  4. Rajib bhai,

    I though your P & F analysis was great all these months. I gained a lot of knowledge with your blog. I felt sad when i logged in today coz you are stoping. Please answer one query

    Dear friend your Download link has an excel file.We can download data on Weekly & Daily basis. But what about Hourly basis. Is there any way i can get hourly data so that i can plot a hourly chart in p&F in the sheet i downloaded from this site

  5. Dear Rajib,

    Your analysis & efforts are worthy. You seem to be very young compared to many analysists & chartists. How did Point & Figure charts interest you. I dont like you leaving the blog.

    Please give your email id. I am interested in Hourly analysis based on P& F like youl.Dada please send inform how to get Hourly data in xls
    Pls show a way to get the data

  6. Hello Rajib Sir,
    I am a silent follower to your excellent blog. Please do keep posting.

    Also, the download link not working... file removed. Pl. check.

  7. Hi Rajib :D
    Best wishes on the new career path ...
    Knowing your humble calm approach you would do well, friend!

    But its a loss to us,
    I am coming here on a mini break,
    and you have got busy ...
    We will miss your fabulous PnF, analysis,
    interpretation, as well the beautiful, unique charting style.

    Have a great time, and when get a break, do post as much as possible.
    With best regards