Friday, October 11, 2013

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

Recap:

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

Weekly Analysis:



Daily Analysis:
 
Summary:

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.

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