Saturday, February 22, 2014

Nifty P&F (Wk 2402-2802) - Selling pressure till 6225, however bullishness expected above 6300

Recap:

Got sold at 6135 once, got bought also at 5980. However, it broke out of the triangle on long-side.

Weekly Analysis:

Daily Analysis:

Summary:
Weekly pattern : Likely high-pole reversal.
Daily pattern : DT BO.
HPO (D) : -
VPO (D) : 6225
BlSL (D) : 6010
BrRL (D) : 6225
BrRL (W) : 6290

Overall the selling pressure is visible in both Daily & Weekly charts. A confluence around 6225 indicates some action around it. Wait for the direction there.

No comments:

Post a Comment