Sunday, August 7, 2011

Nifty Point & Figure (PnF) Analysis - Week 0808 - 120811

Recap:

3 weeks back we read Bears' target of 5050 here.

Weekly Analysis:


Also see the long-term BlSL (Bullish Support Line) is critically aligned with our VPO for a possible turnaround!


Daily Analysis:


Summary:

Weekly DOWN. Daily paused. Pullback expected near VPO 5020 - 5050 level.

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