Sunday, October 27, 2013

Nifty P&F (Wk 2810-0111) - Support 6020 for sideways or 5900 for deep correction


Broke past 6140, a pullback of break-out in all possibility.

Weekly Anlaysis:

Daily Anlaysis:


A double top resistance, has set a pullback in process. The BlSLs suggest multiple support points in daily charts @6100 (minor), @6020 (shallow sideways correction also Fib38), @5900 (deep fall also Fib62).

Breaking 5900, could threat the VPO of 6400+.

Friday, October 11, 2013

Nifty P&F (Wk 1410-1810) - Above 6140, we might head for 6400+


Broke through the level of 5800 to fall another 100 points.

Weekly Analysis:

Daily Analysis:

Weekly & Daily Up. Weekly is hitting the BrRL, however Daily has broken through. Once price moves past 6140, VPO of 6430 might be quite possible.

Any pullback has to be retraced with Fib38 (5950) & Fib62 (5860) levels.