Nifty Point & Figure (PnF) Analysis - Week 2609 - 300911

Recap:

Bulls failed to take the chances.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly, Daily both DOWN. Immediate support 4700 level. Old VPO of 4500 might play out soon.

Nifty Point & Figure (PnF) Analysis - Week 1909 - 230911

Sorry for defaulting on weekend post. Going through some rough patch of life. Hope to recover soon.

Recap:

Support came near 4920 level. Bulls have been given another chance too!

Weekly Analysis:

Daily Analysis:

Summary:

Weekly DOWN move halted. Daily nearing a support. Support near 4950 level. Resistance CMP. HPO target for Bulls 5350.

Nifty Point & Figure (PnF) Analysis - Week 1209 - 160911

Recap:

5150+ it did.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly paused, Daily reversed. Support in the range 4940 - 4980.

Included SMA10, with a mark of "M" in the grid, though the value of the SMA10 is same as in any other chart, however, the significance of the same is different in PnF chart as both price and this point will move within the same column in a running trend showing the transition celarly. We will explore more on this later.

Nifty Point & Figure (PnF) Analysis - Week 0509 - 090911

Recap:

4720 reversed. 5100 reached.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly UP. Daily UP but facing resistance. UP side target 5150+.