Saturday, August 31, 2013

Nifty P&F (Wk 0209-0609) - Pullback support 5340, resistance still @ 5620-5700 level


Demand & Supply kept struggling! Again seems supply arrested.

Weekly Analysis:

Daily Analysis:


Weekly again paused. Daily Up. Volatility has increased manifold. If it does not get restricted though the risk:reward ratio will be same for the trade, the absolute amount of risk will be very high.

Still the buy signal has to come for long after breaking out through any of the BrRL. Any pullback should be restricted upto 5340, where the weekly pivot & channel support lies. Resistance as earlier remains in the range of 5620 - 5700.

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