Saturday, December 17, 2011

Nifty P&F (Wk 1911 - 2312) - Bears target channel bottom 4580!

Recap:

Once again was wrong in expecting market to move another 100 points 4900. But having an alternate view helped exiting longs on break of BlSL.

Weekly Analysis:


Daily Analysis:


Summary:

Weekly & Daily both down. A weak chance of double bottom. Most probablistic target for bears 4580 >> 4500.

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