Sunday, February 10, 2013

Nifty P&F (Wk 1102-1502) - Either supported at 5895 or 5760!


On a closing basis 6075 acted as resistance & turning point.

Weekly Analysis:

Daily Analysis:


Weekly Down, Daily Down. However, daily has reached 38% Fib (bottom @5550), also short-term BrSL (Bearish Support Line) & long-term BlSL. Therefore, a minor pullback / reversal can be expected.

Breaking this BlSL will indicate continue of Downward momentum. Further downside has a VPO of 5760, which is also 62% Fib (bottom @5550).


I apologize to my blog viewers for my discontinuous appearance. But, until & unless one is a day-trader it's not required (even for Derivatives trading). May be conversion from Day trader >> Week trader, will make one from Weak trader >> Strong trader!