Friday, March 1, 2013

Nifty P&F (Wk 0403-0803) - likely long term reversal set in VPO 4940!

Recap:

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!