Sunday, February 10, 2013

Nifty P&F (Wk 1102-1502) - Either supported at 5895 or 5760!

Recap:

On a closing basis 6075 acted as resistance & turning point.

Weekly Analysis:


Daily Analysis:


Summary:

Weekly Down, Daily Down. However, daily has reached 38% Fib (bottom @5550), also short-term BrSL (Bearish Support Line) & long-term BlSL. Therefore, a minor pullback / reversal can be expected.

Breaking this BlSL will indicate continue of Downward momentum. Further downside has a VPO of 5760, which is also 62% Fib (bottom @5550).

Note:

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2 comments:

  1. NIFTY 11-Feb-2013
    Current Market Situation :

    NIFTY current close : 5898
    NIFTY resistance level : 5912
    NIFTY support level : 5756
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 17 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5923
    NIFTY intraday resistance 2 : 5951
    NIFTY intraday resistance 3 : 5992

    NIFTY intraday support 1 : 5873
    NIFTY intraday support 2 : 5845
    NIFTY intraday support 3 : 5803

    for more log onto
    Markets Quantified

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