Sunday, May 27, 2012

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


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

Weekly Analysis:

Daily Analysis:


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.

1 comment:

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