Nifty Point & Figure (PnF) Analysis - Week 2006 - 240611

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily DOWN. 5340 the point of control. Breaking this Bears target 5250.

S&P500 Point & Figure (PnF) Analysis - Week 0606 - 100611

Got some time to have a look at S&P500. The set-up might support the bulls in the Indian market.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily on a channel support. 1210 - 1230 a critical support. If this support is held. Indian markets also have a chance to bounce on these supports.

Nifty Point & Figure (PnF) Analysis - Week 1306 - 170611

Weekly Analysis:

Daily Analysis:

Summary:

Weekly halted. Daily consolidated. Bulls target 5700. Bears wait 5340.

As expected there has been consolidation. Bulls need to capitalize on it next week. Waiting further will give strength to Bears.

Nifty Point & Figure (PnF) Analysis - Week 0606 - 100611

Weekly Analysis:

Daily Analysis:

Summary:

Weekly resisted. Daily DOWN. Above 5600 Bullish, below 5340 Bearish. Therefore, expect some consolidation.

Small Recap:
5600 turned out to be a good level. Sometimes, levels become quite crystal clear, sometimes (specially in consolidation zone) though they play but only after exhaustion of patience!

I hope people following PnF will be happy to see that levels can be predicted as effectively in PnF as in candle charts. No indicator, it's pure price.