Sunday, February 9, 2014

Nifty P&F (Wk 1002-1402) - trading opportunity between 6135 - 5980

Recap:

Break of 6255 followed another 275 points fall.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly pattern : Likely high-pole reversal.
Daily pattern : High pole reversal.
HPO (D) : -
VPO (D) : -
BlSL (D) : 5950
BrRL (D) : 6135
BrRL (W) : 6290

Two opposing high-pole reversal in two time-frames indicate a range-bound movement for some time till the contracting triangle (under formation) in daily chart gets resolved.

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