Friday, March 29, 2013

Nifty P&F (Wk 2503-2903) - still 5715-5740 should offer resistance


Sell-off from 5700 on Monday was seen.

Weekly Analysis:

Daily Analysis:


Weekly paused, daily reversed. However, no sign of reversal yet. 5715-5740 level will still should be a decisive resistance. If broken look for the BrRL to hold (but as of now that's too far!).

With 200 SMA around, it's going to be a natural support. The type of consolidation will determine the next course of action. Still look for good opportunity to short - as the long-term DOWN is intact.


With highly oversold status, metals look quite hot.


  1. Markets Quantified
    NIFTY 28-Mar-2013
    Current Market Situation :

    NIFTY current close : 5683
    NIFTY resistance level : 5756
    NIFTY support level : 5589
    NIFTY sentiment : sideways
    NIFTY dominant cycle period : 17 days

    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5706
    NIFTY intraday resistance 2 : 5734
    NIFTY intraday resistance 3 : 5773

    NIFTY intraday support 1 : 5659
    NIFTY intraday support 2 : 5631
    NIFTY intraday support 3 : 5592
    Markets Quantified

  2. Dear Sir, Can u give me your email I'd or contact number? I want to talk to you. Thanks and Regards, Pinakin

  3. @ pinakin,

    you can call me Rajib.

    We can discuss in this blog itself, others can also learn & contribute.


    1. Dear Rajiv , Thanks for your reply, I have some charts and that I want to share with you thats why I need your email I'd Or otherwise give me reply on my mail id - Regards, Pinakin