This blog attempts to analyze movement of Nifty through the age-old Point & Figure method.
Weekly chart would imply the movement of Nifty for the weeks to come and not necessarily the immediate next week. Same is true for other time frame charts. As price action unfolds every week the charts speak for due course of action.
DISCLAIMER: NOTHING IN THIS BLOG SHOULD BE TAKEN AS TRADE ADVICE
Sunday, December 15, 2013
Nifty P&F (Wk 1612-2112) - Short-term weakness in support zone till 6100
As said the bull strength still remains. VPO (D) 6370 was achieved.
Weekly pattern : Semi-Catapault. Daily pattern : High pole. HPO (D) : Achieved VPO (D) : Achieved