Nifty P&F (Wk 2611-3011) - if Daily pullback does not breach 5670, going down to 5450!

Recap:

Though price is still hovering around 5600, but it has broken the level.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly under BrRL (5700) & Daily over BlSL (5580).
But a double-bottom breakdown below 5620 in weekly chart has set some momentum downwards (unless it's a fake-out). Daily pull-back should not cross 5670 level. Weekly support of BlSL with rangebound movement should come @5450 else @5350.

However, so far there is no threat towards the uptrend that has been set in since 4820 in mid-May.

Nifty P&F (Wk 1201-1605) - Still support 5600, if broken 5450, target 6060.

Recap:

Support came a box lower than 5600.

Weekly Analysis:

Daily Analysis:

Summary:

I hold my previous view of 5600 support & 6060 target even now. However, the chart has shown very mild weakness for some correction, which might get arrested at 5450 level.

Wish you all a Very Happy Diwali !!!