Sunday, September 15, 2013

Nifty P&F (Wk 1609-2009) - Again in resistance zone till 6020-60 cleared, support 5620 followed by 5580

Recap:

The resistance was broken through a gap-up.

Weekly Analysis:

Daily Analysis:


Summary:

Weekly UP. Daily Down. See a copy-book BrRL offering resistance. Until 5900 is broken through, expect a pullback or a reversal, which should get support at Fib38 @ 5620-5635 level followed by a BlSL at weekly chart @ 5580 level.

If 5900 is broken through, there is a BrRL on weekly chart @ 6020 level. On long side, if the story continues, we have a VPO of 6460!
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2 comments:

  1. chetasSeptember 15, 2013 at 3:10 PM

    Sir ,

    Is it possible to have a glossary of terms used, so that your post can be understood. for example what is VPO, BlSL, BrRL etc.

    Thank you

    Chetas

    ReplyDelete
  2. RajibSeptember 15, 2013 at 9:11 PM

    @ chetas,

    Sure. Actually I've explained them in "My P&F Knowledge Share Centre". But I'll make one only for abbreviations.

    Regards,
    Rajib

    ReplyDelete

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