Tuesday, December 30, 2014

Nifty P&F (Wk 0501-0901) - If 8000 held, likely to test 9000 before bending!

Recap:

Price did not go till 7500, it reversed from 7700 only.

Weekly Analysis:

Daily Analysis:

Summary:

I was expecting a reasonable correction on reaching VPO, however recent consolidation HPO indicates a potential of reaching 9000 before buckling down. Provided it does not  break the BlSL at 8000.

2 comments:

  1. thankyou for the update
    regards

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  2. You done very good job and mentioned essential points which helps us to understand the market moves easily and charts are the best way to explain in a easy way.

    ReplyDelete