Nifty Point & Figure (PnF) Analysis - Week 0108 - 050811

Recap:

With loss of patience perhaps dropped the point of control from 5700 (2 weeks before) to 5660 (Last week reading). Should have been little more patient.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily DOWN. Bears have to test 5470 level before next level starts.

Nifty Point & Figure (PnF) Analysis - Week 2507 - 290711

Recap:

Daily remained range bound.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily hitting ultimate resistance line. 5660 decisive.

Nifty Point & Figure (PnF) Analysis - Week 1807 - 220711

Recap:

Support came a little lower at 5500 level.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly DOWN. Daily range-bound. Bulls above 5700. Bears target 5050 in couple of weeks' time.

Nifty Point & Figure (PnF) Analysis - Week 1107 - 150711

Recap:

As expected 5730-5750 level acted as resistance.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly UP. Daily resisted. Bears sold. Bulls support 5580 >> 5530 >> 5400 level.

Nifty Point & Figure (PnF) Analysis - Week 0407 - 080711

Apology for not being able to update last week's blog. Another change, from single now the status is married. So you can guess, lot's of business in act.

But truly speaking there was not a single day, I missed the EOD market. Also learnt another thing, how to stay away from the market when you can not dedicate your full time to your position!

Weekly Analysis:

Daily Analysis:

Summary:
Bulls are back from a double support. Often indication of strong bull. 5750 last hope for a Bull trap.