Friday, February 24, 2012

Nifty P&F (Wk 2702-0203) - expect 5380-5390 to offer support


Easiest market decided the top. I just followed.
Also a bit to my old post, specially the last paragraph, just check where S&P500 & Nifty stand today!
Post on 20 Dec'11, while we were deep in red!

Weekly Analysis:

Daily Analysis:


Weekly paused. Daily down. BlSL is coming in dialy chart at 5405, weekly chart showing channel top support at 5380. Daily & weekly chart showing a pullback support at 5380 & 5390. Hence, I conclude 5380-5390 is a reasonably strong support area coming from such an extensive bull run!

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