Wednesday, October 28, 2009

NIFTY FUT (C) 28.10.09


NIFTY FUT 5 DAY 5 MIN: NF HAD GIVEN BUY SIGNAL IN CANDEL STICK PATTERN SHOWN WITH ARROW

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE) : TODAY MACD HAD GIVEN 3 SIGNALS TO TRADE

1: GO LONG:WHEN NF WAS AT 4827.7 THE MACD LINE(GREEN LINE) MADE A CROSSOVER OF SIGNAL LINE(RED LINE) THUS BUY SIGNAL WAS GIVEN AFTER WHICH IT MADE A DAY HIGH OF 4867

2: GO SHORT: WHEN NF WAS AT 4835.65 THE MACD SIGNAL LINE GAVE NEGATIVE CROSSOVER OF MACD LINE THUS SELL SIGNAL WAS GIVEN AFTER WHICH IT MADE LOW OF 4800

3:GO LONG: WHEN NF WAS AT 4813 THE MACD LINE GAVE POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH IT MADE HIGH OF 4840



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