Sunday, May 20, 2012

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


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

Weekly Analysis:

Daily Analysis:


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.

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