Friday, March 22, 2013

Nifty P&F (Wk 2503-2903) - long pole pullback 5685-5700 & downward target 5300

Recap:

Sell-off was quite quick, however straight from 62% Fib.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily down. Double bottom broken. Long pole (20 boxes) in daily chart suggesting a pull-back, may be 5685 - 5700 level. BlSL & Double bottom broken suggesting channel bottom at 5300.

Of course remember the long-term VPO 4940!
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4 comments:

  1. UnknownMarch 24, 2013 at 9:55 AM

    Markets Quantified
    NIFTY 22-Mar-2013
    Current Market Situation :

    NIFTY current close : 5651
    NIFTY resistance level : 5756
    NIFTY support level : 5589
    NIFTY sentiment : sideways
    NIFTY dominant cycle period : 19 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5675
    NIFTY intraday resistance 2 : 5702
    NIFTY intraday resistance 3 : 5742

    NIFTY intraday support 1 : 5628
    NIFTY intraday support 2 : 5600
    NIFTY intraday support 3 : 5561
    Markets Quantified

    ReplyDelete
  2. narasingMarch 24, 2013 at 2:58 PM

    thankyou Rajib.

    ReplyDelete
  3. RajibMarch 24, 2013 at 9:37 PM

    @ narasing

    You are welcome!

    Regards,
    Rajib

    ReplyDelete
  4. pinakinMarch 29, 2013 at 10:14 AM

    Sir the way yesterday pull back come is any view changes?

    ReplyDelete

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