This blog attempts to analyze movement of Nifty through the age-old Point & Figure method.
Weekly chart would imply the movement of Nifty for the weeks to come and not necessarily the immediate next week. Same is true for other time frame charts. As price action unfolds every week the charts speak for due course of action.
DISCLAIMER: NOTHING IN THIS BLOG SHOULD BE TAKEN AS TRADE ADVICE
Sunday, June 9, 2013
Nifty P&F (Wk 1006-1406) - VPO 5350, next support near 5800!
Bearish sentiment is on. 5800 still to be tested.
Weekly & Daily Down. 5800 still to be tested. Let this time my VPO of 5350 be conquered!