NIFTY FUT 16.10.09(A)

NIFTY FUT 5 DAY 5 MIN: NIFTY FUT TOOK SUPPORT AT VARIOUS POINTS OF THE TREND LINE (SHOWN WITH ARROW) WHICH I HAVE EXTENDED FROM YESTERDAY'S CHART

THE TREND LINE WAS BROKEN (SHOWN WITH AN ARROW) AT 5134 AND MADE LOW OF 5120

ADX : AGAIN ADX GAVE BUY SIGNAL WITH POSITIVE CROSSOVER BUY THE GREEN LINE AT 5117 AND MADE HIGH OF 5147 THOUGH ADX WAS NOT STRONG BUT IT WAS RISING SLOWLY

NIFTY FUT 15.10.09 (B) 5150 !!!!

NIFTY FUT 5 DAY 5 MIN: NIFTY FUT HAS TAKEN GOOD SUPPORT AT TREND LINE AT VARIOUS POINTS

ADX:AGAIN ADX HAD GIVEN GOOD SELL SIGNAL WHEN RED LINE MADE A NEGATIVE CROSSOVER WITH ADX ALSO MOVING UP THUS INDICATING THE TREND WAS GETTING STRONGER

WHEN NIFTY FUT WAS AT 5107 IT GAVE NEGATIVE CROSSOVER AFTER THAT IT MADE A LOW OF 5067

NIFTY FUT 15.10.09

NIFTY 1 DAY 1 MIN: NIFTY FUT OPENED ON POSITIVE NOTE BUT SLOWLY STARTED COMING DOWN

NIFTY FUT MADE HIGH OF 5144 (THOUGH SPOT MADE HIGH OF 5152 ) AND MY TGT WAS 5150WHICH WAS ACHIEVED ON SPOT NIFTY (PLEASE REFER TO MY EARLIER POST)

AS SHOWN ABOVE THERE WERE 3 CRITICAL LEVELS TO WATCH OUT 5108,5095,5083

OF THESE 5095 WAS THE MOST IMPORTANT LEVEL AS IT TOOK SUPPORT AT VARIOUS POINTS AND ONCE IT WAS BROKEN IT MADE LOW OF 5067

IN NEAR FUTURE THESE 3 LEVELS WILL BE CRITICAL WHERE NIFTY FUT CAN TAKE SUPPORT

NIFTY FUT 14.10.09 (B)

NIFTY FUT 1 DAY 1 MIN:NIFTY FUT OPENED ON POSITIVE NOTE AND MOVER IN GOOD RANGE.

IN THE AFTERNOON HOWEVER MARKET WERE VERY VOLATILE

Nifty Fut 14.10.09 (5100!!!)

NIFTY5 DAY 5 MIN : NIFTY FUT CROSSED 5100 WHICH WAS THE TARGET . IF YOU REFER TO MY EARLIER POST I HAD MENTIONED 5100 AND 5150 WOULD BE NEXT TGT .SO NEXT TGT WOULD BE 5150

NIFTY FUT TOOK SUPPORT AT VARIOUS POINTS AS SHOWN ABOVE WHICH WERE 5095 TO 5105 .THESE ARE TELVELS TO WATCH OUT ON THE DOWNSIDE

NITY FUT 12.10.09(B)

NIFTY 5 DAY 5 MIN: NIFTY FUT MOVED UP WITH STRONG VOLUMES FROM 4962 TO 5062 IN ABOUT 35 MIN

ADX: AGAIN MY TRUSTED FRIEND ADX GAVE A BUY SIGNAL WELL BEFORE THAT BIG UP MOVE SHOWN ABOVE WITH BIG GREEN CANDEL

IT GAVE POSITIVE CROSS OVER AT 4962 AND WENT UP TO 5062 .ADX ALSO GAVE BOUNCE FROM OVERSOLD LINE (20)

WITH THIS UPMOVE 5100 AND 5150 IS NOT TOO FAR WHERE IT MAY FACE RESISTANCE AND ARE MY INITIAL TARGETS IN COMING DAYS


INFORMATION ON ADX: SOURCE INVESTOPEDIA

AVERAGE DIRECTIONAL INDEX

What Does Average Directional Index - ADX Mean?
An indicator used in technical analysis as an objective value for the strength of trend. ADX is non-directional so it will quantify a trend's strength regardless of whether it is up or down. ADX is usually plotted in a chart window along with two lines known as the DMI (Directional Movement Indicators). ADX is derived from the relationship of the DMI lines.

Investopedia explains Average Directional Index - ADX
Analysis of ADX is a method of evaluating trend and can help traders to choose the strongest trends and also how to let profits run when the trend is strong.

NIFTY FUT 12.10.09 (A)

NIFTY FUT 1 DAY 1 MIN : NIFTY FUT MOVED IN A GOOD RANGE BETWEEN 4940 AND 5000 TILL AFTERNOON BUT BY 1.30 PM IST IT STARTED MOVING UP WITH GOOD VOLUMES AND ENDED THE DAY +120 POINTS (5055) WITH HIGH OF 5075.

AUGUST IIP: IN THE AFTERNOON IIP DATA WAS RELEASED WHICH WAS AT 10.74% v7.2% WHICH ALSO HELPED MARKET TO MOVE UP QUICKLY

NIFTY FUT TOOK GOOD SUPPORT AT 5046 IN LATE AFTERNOON AND NEVER BROKE THAT LEVEL , SO LEVELS TO WATCH OUT WOULD BE 5050 AND5045