Saturday, February 4, 2012

Nifty P&F (Wk 0502-0902) - scary upmove nearest resistance 5400!


A very short-lived top came. But was grossly wrong to expect a pull-back.

Weekly Analysis:

Daily Analysis:


Weekly UP, Daily UP. Follow the price so many channels are being blown up easily, on weekly chart still a few are left to offer resistance - the highest being 5380-5400!

Really scared by this upmove. Waited long for an entry in the current series, but could not manage yet. Sometimes fear that it should not just fly like that and the first half of the year itself sees half of the bull rally done. Already index is 18% up at a stretch and most of the equities 25% up!

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