Nifty P&F (Wk 1311 - 1711) - the bears approaching for a pause near 4700

Recap:

On weekly chart reading was correct, but on daily chart was damn wrong for a Bullish set-up.

Weekly Analysis:

Daily Analysis:

Summary:

All Bears. Support near 4700. VPO 4500.

Nifty P&F (Wk 1311 - 1711) - support broken but BlSL held, a possible "Bear-trap"!

Recap:

Price broke-past 5150 marginally.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly price on support zone. Daily breached support zone, but holding the channel bottom.

Expect Bulls to attempt channel top again! Bears 5140 >> 5100.

Nifty Point & Figure (PnF) Analysis - Week 0611 - 1011

Recap:

Daily resistance came at 5400.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily Consolidating. Full Bull above 5540! Bears 5150 >> 4940!

Value buying in equities can still fetch good returns.