VPO was 5760, it exceeded and went further below to 5685.
Weekly Analysis:
Daily Analysis:
Summary:
Weekly Down, Daily reversed. Refer weekly chart, it reaches the channel bottom. Expect a minor pullback. Though DOW theory has not broken 5580, it looks we are set for a big reversal.
If I go through the VPO, we are looking at a target of 4940!
hi, incase the mkt goes into downtrend, this figure of 4940 is the bottom are more is possible ?
ReplyDeletethx
@ Narsing,
ReplyDeleteYes as per VPO (Vertical Price Objective) of P&F method, we have a target of 4940. Sometimes it stops a few points before or after!
However, it might not happen overnight, the path will be testing one!
Regards,
Rajib
Hello Sir, is it possible for someone in Canada to tade the nifty ?
ReplyDelete@Anonymus,
ReplyDeleteYou can trade in Indian market, only as a registered FII (Foreign Institutional Investor).
However, nifty future is listed in US markets. If you have access to US market you can do so.
But most importantly, why would you like to do so? You should be integral part of the system to trade a market, you need to feel every movement of it. If you are a technical trader, even TSX provides ample opportunity to trade in a year. You can get in touch with Pierre Brodeur (in My Blog List) to get started.
Regards,
Rajib
Dear Rajib...kindly update....
Delete