Friday, December 11, 2009

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

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