Tuesday, December 13, 2011

Nifty P&F (Wk 1211 - 1612) - Bears rest for higher levels

Appology for not being able to update the blog for last one month. It's just lack of time (management) in the weekend. However, did not miss a single move of the market.


Well, price went below 4700 by 2 boxes and came back for a pause.

Weekly Analysis:

Daily Analysis:


Weekly DOWN. Daily UPped today. A rangebound market till we resolve the triangle formed by the BlSL and the BrRL. Bias is on down side. Level to short 4910-4960. Breaking of the BlSL on weekly chart could take it to 4500.

No comments:

Post a Comment