Friday, September 9, 2011

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


5150+ it did.

Weekly Analysis:

Daily Analysis:


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.

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