Saturday, June 1, 2013

Nifty P&F (Wk 0306-0706) - mid-term bearish with VPO 5385; next support near 5800

Recap:

5940 supported, 6030 resisted & broken through.

Weekly Analysis:

DailyAnalysis:

Summary:

Weekly & Daily Down. Breaking past last support 5940 will confirm arrest of larger up-trend & set a mid-term Down trend. In that case mid-term VPO targets 5385. 5800 might come up as next support level for this fall.