Recap:
"Nifty P&F (Wk 0501-0901) - If 8000 held, likely to test 9000 before bending!"
On 31st Dec, my last post this was the reading. Market moved till 9100 & now bent and nearing 8000.
Weekly Analysis:
Daily Analysis:
Summary:
Since 9000, almost 1000 points corrections have happened already. There is sufficient weakness in the chart. Weekly chart closing below 7915 could be the first sign. Daily chart showing a VPO of 7885. If a reversal does not happen from here. We'll have to look for a fresh downard target from weekly chart.