Saturday, November 12, 2011

Nifty P&F (Wk 1311 - 1711) - support broken but BlSL held, a possible "Bear-trap"!

Recap:

Price broke-past 5150 marginally.

Weekly Analysis:


Daily Analysis:


Summary:

Weekly price on support zone. Daily breached support zone, but holding the channel bottom.

Expect Bulls to attempt channel top again! Bears 5140 >> 5100.

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