February 13, 2015

Weekend update

Trend reversal from 10-FEB continues to be bullish. NIFTY has now recovered most of the losses.

Immediate resistance is in the region 8850-8900 (dotted line in chart). After this, next resistance is at 9000.

On weekly charts, trend is still up with support at 8470-8050 spot.

EOD charts


Weekly charts


Intraday charts: breakout above the boxes was the buy signal... there were 2 buy signals.


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