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+.

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