Saturday, February 13, 2016

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.

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