Sunday, June 23, 2013

Nifty P&F (Wk 2406-2806) - Support 5515-5540, daily VPO 5400

Recap:

As expected downtrend continues.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily DOWN. The downtrend continues, immediate support FibExt2.62 & BlSL in weekly chart @ 5515-5540. The daily VPO stands revised to 5400 (my previous calculation had a point mistake).

Weekly column of "O" continues will perhaps stop at 5540 / 5400, subsequently it will determine the weekly VPO which will be really grave!
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2 comments:

  1. pinakinJune 28, 2013 at 8:05 AM

    Dear Shri Rajib,

    As market is bounced back from 5556 so is it need to wait for 5400 or make long position from here.

    Regards,
    Pinakin

    ReplyDelete
  2. RajibJune 28, 2013 at 3:53 PM

    @pinakin,

    I don't see any long as of now. In the weekend analysis will share the levels as I read them.

    Regards,
    Rajib

    ReplyDelete

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