Nifty P&F (Wk 1502-1902) - daily chart targets 6750, weekly chart support 6600

Recap:


It has reached the channel bottom.


Weekly Analysis:

Daily Analysis:

Summary:


Daily chart has a VPO target of 6715-6750.
Weekly chart shows long-term BlSL at 6600. VPO in the chart is 6450. I would guess this would be the ultimate support. Breaking these levels are really bad for real long-time.
This also gives us wonderful opportunity with a test-of-faith that these levels hold for long-term investment.

Nifty P&F (Wk 0802-1202) - the oscillating channel controlling the price movement, nice trade opportunity

Recap:


Though the range has broken 7500, still price is oscillating inside the channel with all the possibilities to break upside.


Weekly Analysis:

Daily Analysis:

Summary:


Daily chart indicating breaking 7615 would mean a break out of BrRL. On weekly chart 7000, is the support on BlSL.