Nifty P&F (Wk 2805-0106) - the range likely to break 4955 to reach 5075

Recap:

A double top brought the resistance one box below at 4955!

Weekly Analysis:

Daily Analysis:

Summary:

Weekly UP & Daily range-bound.
An interesting note in the closing chart. It picked-up BlSL support from lows of 4520 of Dec'11.
Breaking past 4955, there is a high chance of taking it to 5075 level. However, a close below 4850 will be resumption of down move.

Nifty P&F (Wk 2105-2505) - pullback resistance 4970, if broken 5070!

Recap:

 4900 broken, but till coming back to that price often.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly down. Daily reversed. BlSL broken. 4.23 times fib target reached. Immediate pullback resistance near 4940-4970 level, which is BlSL channel & 38% fib retracement. If broken through, next resistance 5060-75 level which is double bottom support broken earlier & 62% fib retracement.

Nifty P&F (Wk 1405-1805) - Still support around 4900 level

Recap:

Though 4925 broken it's holding above 4900!

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily down. A long-pole in daily chart & a weekly channel support at 4900 level suggest an immediate support near-by.

Nifty P&F (Wk 0705-1105) - support 4925, month long distribution target 4300-4380!

Recap:

5060 broken. There was no trap.

Weekly Analysis:

(updated till last week)

Daily Analysis:

Summary:

Weekly & Daily down. Immediate channel support should not breach 4925. The consolidation in weekly chart has two deep targets VPO @ 4300 (=5620-3*11*40) & HPO @ 4380 (=5340-3*8*40).