Friday, August 3, 2012

Nifty P&F (Wk 0608-1008) - Bulls only above 5300!


Was grossly wrong in gauging the market. It went 4 pts higher than expected!

Weekly Analysis:

Daily Analysis:


Weekly on resistance, Daily down. Even after this week's upmove, there is significant down side pressure (I'm writing this when US markets are ~2% up). But till it does not clear the BrRL in weekly chart above 5300, I will be very cautious.