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Nifty P&F setup - 1st Jan 2017
  • : December 30, 2016
  • : Definedge Research

Last closig price : 8185.80

  • Nifty dly 10 x 3 P&F chart Pattern: Low Pole  - Bullish
  • Nifty Trend (10 SMA): Price Below average - Bullish
  • Nifty setup: Bullish 
  • Nifty 50 1% x 3 Breadth: 66 - Neutral
  • Bearish  level : 7900 (Double Bottom Sell) 
Recommended strategy for the day: Look for bullish trading opportunities. Apply trend riding strategies.
P&F setups to refer in individual charts: Major bullish patterns. Follow P&F riding strategy.

Outperforming sectors (based on RS charts):  FMCG
Underperforming sectors 
(based on RS charts):  PSU bank,  Fin service, Commodities, Bank Nifty, Pvt bank.