Monday, November 2, 2009

NIFTYFUT(C) 30.10.09


NIFTY 5 DAY 5 MIN:

ADX(AVERAGE DIRECTIONAL INDEX): THIS IS ONE OF MY FAV INDICATOR AND ONE OF THE MOST RELIABLE .

ONE COULD HAVE GONE SHORT WHEN (-) DIRECTIONAL INDEX GAVE CROSSOVER AT 4824 AFTER WHICH NIFTY FUT MADE DAY LOW OF 4692

ADX HAD TOUCHED 20(OVER SOLD) ZONE AND HAD STARTED TO MOVE UP AS CROSSOVER WAS GIVEN BY -DI

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