Friday, May 15, 2009

Nifty 15-05-2009: Point and Figure: Bullish

The P&F chart remains on a bullish tenor. It's the same as yesterday, so I am not uploading a fresh one. The consensus is that one should lighten up completely in case there is a Black Monday after the poll results over the weekend. But we have a long position at 3550, fairly low down, and I would prefer to hold on and take my chances. Looking forward to an exciting weekend!