NIFTY FUTURE 29/12/09

NIFTY 5 DAY 15 MIN:

NIFTY FUTURE 24/12/09

SORRY FOR LATE UPDATE

NIFTY FUTURE 5 DAY 10 MIN:

"BREAKOUT" : ONE CAN SEE FROM THE ABOVE CHART NF TOOK SUPPORT AND RESISTANCE AT VARIOUS POINTS AND FINALLY GAVE A BREAKOUT AT 5157 WITH GOOD VOLUMES AND MADE HIGH OF 5209

NIFTY FUTURE 22/12/09 (B)

NIFTY FUTURE 5 DAY 15 MIN:

RESISTANCE LINE: NF FACED RESISTANCE AT 5000 TODAY(4999.90) AS SHOWN ABOVE

NF HAD FACED RESISTANCE PREVIOUSLY MARKED WITH ARROWS

NIFTY FUTURE 22/12/09 (A)

NIFTY FUTURE 5 DAY 15 MIN:

SUPPORT LINE : NF TOOK SUPPORT AT VARIOUS POINTS AS SHOWN ABOVE(WITH YELLOW ARROWS)

NIFTY FUTURE 21/12/09 (B)

NIFTY 5 DAY 10 MIN

NIFTY FUTURE 21/12/09

NIFTY 5 DAY 15 MIN:

TREND LINE: NF TODAY TOOK SUPPORT AT THE POINT MARKED WITH ARROW(4960) IN TODAY'S CHART AND GAVE A GOOD BOUNCE TILL 4988

BUT NF WAS NOT ABLE TO MAINTAIN THAT LEVEL AND CAME DOWN TO CLOSE AT 4938

sorry !!

sorry guys for not updating nifty chart for 18/12/09 as was out of mumbai for 3 days .will try to update it today

Thx & Regards
Ritesh Bhansali

NIFTY FUTURE 17/12/09 (B)

NIFTY 5 DAY 15 MIN:

TRIPLE TOP: NIFTY FUT MADE TRIPLE TOP AT 5067 WHICH IS ACTING AS STRONG RESISTANCE FOR NF TO CROSS

I HAVE ALSO DRAWN TREND LINE CONNECTING VARIOUS POINTS OVER THE LAST 5 DAYS WHERE IT IS FACING RESISTANCE(MARKED WITH ARROWS)

THUS IN COMING DAYS 5067 , 5075 AND 5090 WILL ACT AS STRONG RESISTANCE

NIFTY FUTURE 17/12/09

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5034 short signal was given when macd signal line gave negative crossover after which it made a day low of 5008 and closed at 5030

NIFTY FUTURE 16/12/09

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5027 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5072

NIFTY FUTURE 15/12/09 (B)

NIFTY FUT 5 DAY 30 MIN:

SUPPORT LINE:

IF YOU REFER TO YESTERDAY'S POST WHERE I HAD DRAWN THE SUPPORT LINE , WHICH I HAVE EXTENDED IT IN TODAY'S CHART(PINK LINE)

NIFTY FUTURE 15/12/09

NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5100 short signal was given when macd signal line gave negative crossover after which it made a day low of 5017 and closed at 5021

NIFTY FUTURE 14/12/09 (B)

NIFTY FUT 5 DAY 30 MIN:

SUPPORT AND RESISTANCE :

THE ABOVE CHART IS SELF EXPLANATORY WHERE IN VARIOUS SUPPORT AND RESISTANCE POINTS ARE SHOWN WITH ARROWS FOR LAST 3 DAYS (10TH ,11TH AND 14TH DEC 2009)

NIFTY FUTURE 14/12/09 (A)

NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5160 short signal was given when macd signal line gave negative crossover after which it made a day low of 5090 and closed at 5102

NIFTY FUTURE 11.12.09

NIFTY 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

MACD GAVE 2 SIGNALS TO TRADE :

GO LONG:WHEN NF WAS AT 5166.5 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5188

GO SHORT : WHEN NF WAS 5145 MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER THUS SHORT SIGNAL( IIP NUMBERS REACTION) WAS GIVEN AFTER WHICH NF MADE DAY LOW OF 5081.25 AND CLOSED AT 5110.20

NIFTY FUTURE 10.12.09

NIFTY FUTURE 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

MACD GAVE 2 SIGNALS TO TRADE :

GO LONG: WHEN NF WAS AT 5112 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5153

GO SHORT : WHEN NF WAS 5141 MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER THUS SHORT SIGNAL WAS GIVEN AFTER WHICH NF CLOSED AT 5131

NIFTY FUTURE 9.12.09

NIFTY 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5137 short signal was given when macd line gave negative crossover after which it made a day low of 5090 and closed at 5126

NIFTY FUTURE 8.12.09 (B)

NIFTY FUTURE 5 DAY 10 MIN:

DOUBLE TOP: NIFTY FUT HAD MADE DOUBLE TOP AT 5109 (BLUE LINE)

GO SHORT: WHEN NF REACHED 5109 AND WAS NOT ABLE TO CROSS THAT LEVEL , IT WAS GOOD OPPORTUNITY TO SHORT AFTER WHICH IT MADE A LOW OF 5065

NIFTY FUTURE 8.12.09 (A)

NIFTY FUTURE 5 DAY 10 MIN:

FALLING WEDGE: NIFTY FUTURE GAVE BREAK OUT FROM FALLING WEDGE PATTERN.

BREAKOUT HAPPENED WITH GOOD VOLUMES AT 5082 AND FINALLY CLOSED AT 5159

NIFTY FUTURE 4.12.09

( click to Enlarge)
NIFTY FUTURE 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO LONG: WHEN NF WAS AT 5123 BUY SIGNAL WAS GIVEN WHEN MACD LINE GAVE POSITIVE CROSSOVER AND MADE A DAY HIGH OF 5169

GO SHORT: WHEN NF WAS AT 5109 SELL SIGNAL WAS GIVEN WHEN MACD SIGNAL GAVE A NEGATIVE CROSSOVER AND MADE A DAY LOW OF 5078 AND CLOSED AT 5115

NIFTY FUTURE 3.12.09

CLICK TO ENLARGE
NIFTY 5 DAY 15 MIN:

MACD: SHORT SIGNAL WAS GIVEN BY MACD AT 5176 WHERE MACD SIGNAL LINE GAVE NEGATIVE CROSSOVER , AFTER WHICH IT MADE A LOW OF 5115 AND CLOSED AT 5122

NIFTY FUTURE 2.11.09

(CLICK TO ENLARGE)
NIFTY 5 DAY 15 MIN :

TREND LINE SUPPORT: I HAVE DRAWN TREND LINE FROM 27.11.09 TO 2.12.09 WHERE NF HAS TAKEN SUPPORTS AT VARIOUS POINTS (YELLOW ARROWS)

IN TODAY'S CHART IT HAS TAKEN SUPPORT AT 5105,5110 AND 5115( PINK ARROWS)

CREDITS: CHIRAG PAREKH

NIFTY SPOT 1.12.09

NIFTY DAILY :

THE ABOVE CHART IS SELF EXPLANATORY WHERE ONE CAN SEE NIFTY HAS RESISTANCE AT 5140 , 5150 AND 5180

NIFTY FUT 30.11.09

NIFTY FUT 5 DAY 15 MIN:

MACD : MACD GAVE A SHORT SIGNAL WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AT 5060 AFTER WHICH NF WENT DOWN TO 5008 (MARKED WITH DIAMOND) AND CLOSED AT 5023

MACD HISTOGRAM: REVERSAL IN THE TREND WAS CONFIRMED WHEN HISTOGRAM STARTED TO MOVE BELOW ZERO LINE

NIFTY FUTURE 27.11.09

NIFTY FUT 5 DAY 15 MIN: "DUBAI SHOPPING"

MACD : MACD GAVE A CLEAR REVERSAL SIGNAL AT 4807 WHEN MACD LINE GAVE A POSITIVE CROSSOVER AFTER WHICH NF MADE HIGH OF 4960 AND CLOSED AT 4946

MACD HISTOGRAM: ANOTHER REVERSAL CONFORMATION WAS GIVEN BY MACD HISTOGRAM WHEN IT MOVED UP FROM ZERO LINE

NIFTY FUT 26.11.09 (B)

NIFTY FUT 5 DAY 5 MIN:

FIBONACCI RETRACEMENT: I HAVE TAKEN RETRACEMENT FROM PREVIOUS DAY'S HIGH (5138) TO THE LOW OF 24.11.09 WHICH WAS 5052 (MARKED IN BLUE )

THE ABOVE CHART SHOWS THAT NF FACED RESISTANCE AT 61.8% AT 5085(MARKED WITH ARROWS) WHICH IT TOUCHED TWICE (ALSO DOUBLE TOP) AND CAME DOWN HEAVILY AND CLOSED AT 5005 VERY CLOSE TO 161.8% OF THE RALLY WHICH IS AT 4999

BIG VOLUMES:

TOTAL TURNOVER WAS AT 1.59LAKH CR ( HIGHEST EVER )

F&O TURNOVER : 1.37LAKH CR

NIFTY FUT 26.11.09(A)

NIFTY 5 DAY 5 MIN:

WEAK FINISH : I HAVE DRAWN TREND LINE (IN BLUE) FROM 24.11.09 TO YESTERDAYS CHART (25.11.09) AND WHICH I HAVE EXTENDED IT IN TODAY'S CHART
IT FACED RESISTANCE AT 5108(MARKED WITH THUMBS DOWN)

I HAVE ALSO DRAWN 2 TREND LINES CONNECTING FROM YESTERDAYS CHART WHICH I HAVE EXTENDED IT IN TODAY'S CHART , WHICH CLEARLY SHOWS THE VARIOUS POINTS AT WHICH IT TOOK SUPPORT AND FACED RESISTANCE (MARKED WITH DIAMONDS)

ONCE THIS LOWER TREND LINE WAS BROKEN AT 5055 NF CLOSED AT 5005

NEXT SUPPORT IS AT 4965,4950 , 4935(VERY IMP) AND 4900

NIFTY FUT 25.11.09 (B)

NIFTY 5 DAY 15 MIN:

MACD ( MOVING AVERAGE CONVERGENCE DIVERGENCE) : MACD GAVE A SHORT SIGNAL WHEN THE MACD SIGNAL LINE GAVE NEGATIVE CROSSOVER AT 5130 (VERTICAL LINE) AFTER WHICH IT MADE A LOW OF 5098

NIFTY FUT 25.11.09(A)

NIFTY FUT 5 DAY 5MIN:

TREND SUPPORT: IF YOU REFER TO MY YESTERDAY'S POST WHERE I HAD DRAWN 2 TREND LINES WHICH I HAVE EXTENDED IT IN TODAY'S CHART (IN BLUE)

24.11.09 NF CHART

NF TOOK SUPPORT AT VARIOUS POINTS (SHOWN WITH DIAMONDS) BUT WAS BROKEN AT 5130 AFTER WHICH IT MADE A LOW OF 5098

NIFTY FUTURE 24.11.09 (B)

NIFTY FUT 5 DAY 5 MIN:

NF HAS CLOSED AT VERY CRUCIAL LEVEL OF 5073 AS SEEN FROM THE ABOVE CHART

IT HAS GOOD SUPPORT AT 5050 ,5030 AND 5020
NF COULD FACE RESISTANCE AT 5095, 5120 AND 5135

NIFTY FUTURE 24.11.09 (A)

NIFTY FUT 1 DAY 1 MIN:

NF HAD MADE DOUBLE TOP (DOWN ARROW) AT 5101 AFTER WHICH IT CAME DOWN AND MADE DAY LOW OF 5050

SHORT TRADE COULD HAVE BEEN INITIATED AT THE BREAK OF THE TREND LINE AT 5093 AFTER WHICH NF WENT 5070

NIFTY FUT 23.11.09

NIFTY FUT 1 DAY 1 MIN:

NIFTY FUT GAVE A BREAK OUT AT 5080 WITH GOOD VOLUMES CLOSED AT 5101.

NIFTY FUT 20.11.09(C)

NIFTY FUT 5 DAY 5 MIN:

CANDLESTICK PATTERN: DRAGONFLY DOJI

WHEN NF WAS AT 4944 IT MADE DRAGONFLY DOJI PATTERN WHICH IS BULLISH REVERSAL PATTERN WHICH SIGNALS REVERSAL IN TREND.FROM THERE NF STARTED TO RECOVER AND CLOSED 90 POINTS + AT 5077.10

CREDITS: CHIRAG PAREKH AND SANDESH DALVI

CHARTS UPDATED BY RITESH BHANSALI

MORE INFO ON DRAGONFLY DOJI:

http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Dragonfly%20Doji.html

NIFTY FUT 20.11.09(B)

NIFTY FUT 5 DAY 5 MIN:

IF YOU OBSERVE THE ABOVE CHART NF WAS IN A CONTINUOUS DOWN TREND FOR LAST 2 DAYS UP TO THE POINT WHERE IT REVERSED TODAY AND CLOSED IN POSITIVE

NF BROKE OUT FROM FALLING WEDGE WHICH IS BULLISH SIGNAL

NIFTY FUTURE 20.11.09 (A)

NIFTY FUT 1 DAY 1 MIN:

BULLISH FLAG: NF HAD MADE BULLISH FLAG AND BROKE OUT WITH GOOD VOLUMES AT 5060 AND CLOSED AT 5077

SHORT COVERING: THIS SUDDEN RISE WITH GOOD VOLUMES IN THE AFTERNOON CAN ALSO BE BECAUSE OF SHORT COVERING WHERE ALL THE SHORTS HAVE COVERED THEIR POSITION

NIFTY FUT WOULD FACE RESISTANCE AT 5080 (WHICH IS CLOSE) AND 5100 AND ON THE DOWNSIDE IT HAS SUPPORT AT 5050 AND 5030,5020

NIFTY FUT 19.11.09(B)

NIFTY 5 DAY 5 MIN:

IF YOU REFER TO PREVIOUS DAYS CHART NF HAD CONSOLIDATED AND HAD MADE SYMMETRICAL TRIANGLE AND THERE WAS A BREAK DOWN IN TODAY'S CHART WHEN IT OPENED ON A NEGATIVE NOTE.

I HAVE DRAWN A SUPPORT LINE IN TODAY'S CHART FROM WHICH NF HAD GIVEN BOUNCE FROM THERE OR HAD TAKEN SUPPORT ON THAT TREND LINE DURING THE DAY.

NIFTY FUT 19.11.09(A)

NIFTY FUT 1DAY 1 MIN:

NIFTY FUT MADE A DOUBLE TOP AND DOUBLE BOTTOM TODAY :

DOUBLE TOP: AT 5026 NF MADE A DOUBLE TOP (DOWN ARROW)AND CAME DOWN SHARPLY AND MADE A DAY LOW OF 4962

DOUBLE BOTTOM: AT 4963 NF MADE DOUBLE BOTTOM (UP ARROW)AND MOVED UP TO 5000 AND CLOSED THE DAY AT 4984

NIFTY FUT 18.11.09(B)

NIFTY FUT 5 DAY 15 MIN:

MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE): MACD HAD GIVEN SHORT SIGNAL

GO SHORT: WHEN MACD SIGNAL LINE GAVE NEGATIVE CROSSOVER AT 5073 AFTER WHICH NF MADE A LOW OF 5045

NIFTY FUT 18.11.09 (A)

NIFTY 1 DAY 1 MIN: NIFTY TODAY REMAINED RANGE BOUND WITH MINOR VOLATILITY RANGE OF 45 POINTS.

CONSOLIDATION: AS NF WAS RANGE BOUND THERE WERE VARIOUS BREAK OUT AND BREAK DOWN WITH MODERATE VOLUMES

SIGNIFICANT BREAK DOWN HAPPENED WHEN NF WAS AT 5068 (ARROW) WITH GOOD VOLUMES AFTER WHICH NF MADE A LOW OF 5048

NIFTY FUT 17.11.09(B)

NIFTY FUT 5 DAY 15 MIN:

MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO LONG: WHEN MACD LINE GAVE POSITIVE CROSSOVER AT 5023 ONE COULD HAVE GONE LONG AFTER WHICH NF MADE HIGH OF 5072

NIFTY FUT 17.11.09 (A)

NIFTY 5 DAY 5MIN:

RISING WEDGE: NIFTY FUT HAD MADE RISING WEDGE WHICH WAS BROKEN YESTERDAY AT AROUND 5061 AND TODAY IT OPENED ON NEGATIVE NOTE

NF MADE A LOW OF 5006 TODAY

DOUBLE BOTTOM: NF MADE DOUBLE BOTTOM AT 5008 (PURPLE ARROWS) AND GAVE GOOD BOUNCE WITH GOOD VOLUMES AND MADE HIGH OF 5070 FINALLY ENDING THE DAY AT 5055.

NIFTY FUT 16.10.09(B)

NIFTY 5 DAY 15 MIN:

MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE): MACD HAD GIVEN 2 TRADE SIGNALS

GO LONG : WHEN MACD LINE GAVE A POSITIVE CROSSOVER AT 5065 AFTER WHICH NF MADE A HIGH OF 5082

GO SHORT :WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AT 5078 AFTER WHICH NF CLOSED AT 5055

NIFTY FUT 16.10.09 (A)

NIFTY FUT 5 DAY 5 MIN:

TREND LINE SUPPORT: IF YOU REFER TO MY PREVIOUS POST I HAD DRAWN TREND LINE CONNECTING VARIOUS POINTS WHICH I HAVE EXTENDED IT IN TODAY'S CHART (GREY COLOR)

IT TOOK SUPPORT 5050 TO 5060

NIFTY FUT 13.11.09(B)

NIFTY FUT 5 DAY 5 MIN:

SUPPORT LINE: IF YOU REFER TO MY PREVIOUS POST I HAD DRAWN THIS TREND LINE WHICH I HAVE EXTENDED IT IN TODAY'S CHART( GREY COLOR) WHICH HAS ACTED AS SUPPORT WHILE MAKING HIGHER HIGHS AND HIGHER LOWS

IT TOOK SUPPORT AT THREE POINTS : 4958, 4978 AND 4988

NIFTY FUT 13.11.09 (A)

NIFTY FUT 5 DAY 5 MIN:

"AGAIN TREND IS YOUR FRIEND": IF YOU REFER TO MY PREVIOUS POST DATED 12.11.09 I HAVE DRAWN A TREND LINE WHICH I HAVE EXTENDED IN TODAY'S CHART (WITH PINK)

http://ritesh-researchreports.blogspot.com/2009/11/nifty-fut-121109.html

NF FACED RESISTANCE AT 4985( DOWN ARROW) AND TOOK SUPPORT AT 5000 (UP ARROW)

NIFTY FUT 12.11.09 (B)

NIFTY FUT 5 DAY 5 MIN:

MORE TREND LINES: I HAVE DRAWN ONE MORE TREND LINE( IN BLUE) WHERE NF HAD TAKEN SUPPORT AT VARIOUS POINTS( ARROW) AS SHOWN ABOVE

SYMMETRICAL TRIANGLE: NF HAD MADE SYMMETRICAL TRIANGLE IN TODAY'S CHART AND GAVE A BREAK DOWN AT 4978 AND AFTER THAT IT MADE A LOW OF 4918

NIFTY FUT 12.11.09 (A)

NIFTY FUT 5 DAY 5 MIN:

"TREND IS YOUR FRIEND": NF TOOK SUPPORT AND RESISTANCE AT VARIOUS LEVELS OVER THE LAST 5 DAYS WHICH I HAVE CONNECTED AND DRAWN A TREND LINE

THE TREND LINE HAS BEEN EXTENDED IN TODAY'S CHART AND IT TOOK SUPPORT AT 4960 AND 4970

NIFTY FUT 11.10.09

NIFTY FUT 5 DAY 5 MIN : NIFTY FUT HAD MADE SYMMETRICAL TRIANGLE PATTERN YESTERDAY AND IT HAS GIVEN A POSITIVE BREAK OUT .

I HAVE EXTENDED THE 2 TREND LINES AND THERE WAS A BREAK OUT WITH AVERAGE VOLUMES BUT IT PICKED UP AS NF STARTED MOVING UP !

NIFTY FUT10.11.09 (B)

NIFTY F:

NIFTY DAILY 10.11.09

NIFTY DAILY : NIFTY IS FACING RESISTANCE AT 4940 AND 4950 WHICH IS THE 61.8% RETRACE OF THE RECENT DOWNFALL .

RETRACEMENT LEVELS ARE FROM 5181 (20TH OCT) TO 4538 (3RD NOV)

NIFTY FUT 9.11.09

NIFTY 5 DAY 15 MIN: NIFTY FUT HAS AGAIN MADE BULLISH HARAMI AT 4796 AFTER THAT IT MADE DAY HIGH 4909

WHAT IS BULLISH HARAMI:

Source : investopedia

What Does Bullish Harami Mean?
A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.

Investopedia explains Bullish Harami
Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal.

FOR MORE ON BULLISH HARAMI AND OTHER CANDLESTICK PATTERNS CLICK ON THE LINK GIVEN BELOW

http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Harami.html