NIFTY FUT(B)29.10.09

NIFTY 5 DAY 10 MIN: NF HAD RESISTANCE AT 4791 WHICH IT FOUND IT DIFFICULT TO CROSS

ONCE 4791 WAS TAKEN OUT IT FACED HURDLE AT 4826 WHICH WAS PREVIOUS CLOSING WHICH IT WAS NOT ABLE CROSS AND IT CAME DOWN SHARPLY

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

1 : GO SHORT :AT 4783 MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH NF MADE LOW OF 4772

2 : GO LONG: AT 4767 MACD LINE GAVE POSITIVE CROSSOVER AFTER WHICH NF MADE DAY HIGH OF 4826