Sunday, May 3, 2015

Nifty P&F (Wk 0405-0805) - likely support at 7915, followed by 7885. If both fail, fresh assessment.

Recap:

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

On 31st Dec, my last post this was the reading. Market moved till 9100 & now bent and nearing 8000.

Weekly Analysis:


Daily Analysis:


Summary:

Since 9000, almost 1000 points corrections have happened already. There is sufficient weakness in the chart. Weekly chart closing below 7915 could be the first sign. Daily chart showing a VPO of 7885. If a reversal does not happen from here. We'll have to look for a fresh downard target from weekly chart.
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5 comments:

  1. UnknownMay 12, 2015 at 4:51 PM

    I am new to this charts and all and want to be a good KLSE Stock Analysis researcher. It would be helpful for me if you can post some on reading charts.

    ReplyDelete
  2. bhoomiMay 27, 2015 at 4:26 PM

    Great work, I surprised to read post that are informative and actually have good content so many tips . Keep it up .... Equity Tips

    ReplyDelete
  3. narasingJune 11, 2015 at 4:47 AM

    thankyou Rajib. Your PF charts are so true time tested analysis.

    ReplyDelete
    Replies
    1. RajibJune 13, 2015 at 4:06 PM

      Thanks Narasing. You are right, P&F is a wonderful mid-long term study method.

      Regards,
      Rajib

      Delete
  4. narasingAugust 23, 2015 at 4:37 PM

    Hi Rajib,
    Can you please update the view for medium term on P&F analysis.

    thanks a lot !
    regards
    Narasing

    ReplyDelete

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