Nifty P&F (Wk 2402-2802) - Selling pressure till 6225, however bullishness expected above 6300

Recap:

Got sold at 6135 once, got bought also at 5980. However, it broke out of the triangle on long-side.

Weekly Analysis:

Daily Analysis:

Summary:
Weekly pattern : Likely high-pole reversal.
Daily pattern : DT BO.
HPO (D) : -
VPO (D) : 6225
BlSL (D) : 6010
BrRL (D) : 6225
BrRL (W) : 6290

Overall the selling pressure is visible in both Daily & Weekly charts. A confluence around 6225 indicates some action around it. Wait for the direction there.

Nifty P&F (Wk 1002-1402) - trading opportunity between 6135 - 5980

Recap:

Break of 6255 followed another 275 points fall.

Weekly Analysis:

Daily Analysis:

Summary:

Weekly pattern : Likely high-pole reversal.
Daily pattern : High pole reversal.
HPO (D) : -
VPO (D) : -
BlSL (D) : 5950
BrRL (D) : 6135
BrRL (W) : 6290

Two opposing high-pole reversal in two time-frames indicate a range-bound movement for some time till the contracting triangle (under formation) in daily chart gets resolved.