Saturday, April 2, 2011

Nifty Point & Figure (PnF) Analysis - Week 110404 - 0408

Weekly Analysis:


Daily Analysis:


Hourly Analysis:


Summary:

Daily & Weekly UP, Hourly in a triangle. Daily & Weekly resistance 5910 - 5980. Hourly break on DOWN side target 5625.

Bearish sentiment has been firmly thrashed by this steep movement in all time-frame charts. A fall is soon to emerge. The nature of the fall will determine the future course of action for Bulls. Deciding level for bears will be 5650 level.