Tuesday, October 2, 2012

Nifty P&F (Wk 1001-1005) - support 5600, target 6060!

Coming back after a long hiatus. Don't want to give the excuse that could not manage time. Nevertheless, coming back on an auspicious day of Bapu's birthday. While most of you would have read - his autobiography "My Experiment with truth", a must read for all.

All his teachings are quite relevant in almost every field of life, the one may be very true for all the traders - that we can't change the world outside us but can change the one inside us.

Weekly Analysis:

Daily Analysis:


Weekly UP, Daily UP but near resistance. Weekly channel resistance (BlRL) is near 6060. Daily BlSL support near 5600.

Amidst, rounds of reforms already large blue-chips had their initial run, some of the mid-caps are joining the race, may be worth a try.