Friday, August 3, 2012

Nifty P&F (Wk 0608-1008) - Bulls only above 5300!

Recap:

Was grossly wrong in gauging the market. It went 4 pts higher than expected!

Weekly Analysis:


Daily Analysis:


Summary:

Weekly on resistance, Daily down. Even after this week's upmove, there is significant down side pressure (I'm writing this when US markets are ~2% up). But till it does not clear the BrRL in weekly chart above 5300, I will be very cautious.


1 comment:

  1. Its good to be here, very nice post, the content is amazing, keep posting friend it will be very helpful for everyone, Thanks for sharing. I really liked it.you can also read Check nifty

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