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

NIFTY FUT(A) 29.10.09

NIFTY1 DAY 1 MIN :MARKETS OPENED ON NEGATIVE NOTE TAKING CUES FROM ASIAN MARKETS AND U.S MARKETS WHICH WERE IN NEGATIVE TERRITORY

NF HAD MADE A DOUBLE TOP (MARKED WITH ARROW) AT 4790 A SHORT TRADE COULD HAVE BEEN INITIATED

NIFTY SPOT HAS CLOSED AT VERY IMPORTANT LEVEL OF 4750 AND SENSEX AT 16052

RELIANCE IND: RESULTS OF RIL ARE BELOW ESTIMATE THUS TOMORROW MARKET MIGHT OPEN GAP DOWN

NIFTY HAS GOOD SUPPORT AT 4725 AND 4700 WHICH I THINK WILL HOLD

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

NIFTY FUT (B) 28.10.09

NIFTY 5 DAY 5 MIN : IF YOU REFER TO MY PREVIOUS POST I HAD DRAWN THE TREND LINE WHERE NF FACED RESISTANCE, I HAVE EXTENDED THAT TREND LINE IN TODAYS CHART(YELLOW COLOUR) AND AS EXPECTED IT FACED RESISTANCE AT 4827 (ARROW)

BUT ONCE IT CLEARED THAT RESISTANCE IT MADE DAY HIGH OF 4867

NIFTY FUT (A) 29.10.09

NIFTY 1 DAY 5 MIN : MARKET OPENED ON NEGATIVE NOTE BUT STARTED TO RECOVER BY 11 AM AND WAS POSITIVE BY AFTERNOON BUT CAME DOWN SHARPLY AND CLOSED IN NEGATIVE AT 4832

CANDELSTICKS:

1: IN NF BUY SIGNAL WAS GIVEN WHEN THE GREEN CANDEL HAD COVERED THE RED CANDEL (BULLISH ENGULF) AT 4808 AND THEN MADE A DAY HIGH OF 4867

2 : WHEN NF WAS AT DAY HIGH AT 4867 SELL SIGNAL WAS GIVEN WHEN DUE TO SELLING PRESSURE A BEARISH RED CANDEL WAS FORMED WHICH HAD COVERED THE GREEN CANDEL(BEARISH ENGULF) AT 4858 AFTER WHICH IT HAD GONE DOWN TO LOW OF 4800

NIFTY FUTURE 27.10.09(B)

NIFTY 5 DAY 5 MIN: NF FOUND IT DIFFICULT TO CROSS THE TREND LINE WHERE IT FACED RESISTANCE .

MACD(Moving Average Convergence Divergence):MACD GAVE SHORT SIGNAL TWICE.

1. WHEN NF WAS AT 4919.70 THE MACD SIGNAL LINE (RED LINE) GAVE CROSSOVER OF MACD LINE (GREEN LINE) AS MARKED WITH AN ARROW AFTER WHICH IT REACHED 4867 AT LOWEST POINT
2. WHEN NF WAS AT 4867.45 THE MACD SIGNAL LINE GAVE CROSSOVER OF MACD LINE AS MARKED WITH ARROW AFTER WHICH IT MADE DAY LOW OF 4838

NOTE: MACD IS CONSIDERD AS LAGGARD INDICATOR
I HAVE TAKEN =
AVG PERIOD : 9
SHORT PERIOD: 9
LONG PERIOD : 24
ALL THE INICATORS ARE IN SIMPLE MOVING AVERAGE

NIFTY FUT 27.10.09(A)

NIFTY FUT 1 DAY 1 MIN: NIFTY FUT OPENED ON NEGATIVE NOTE AND REMAINED ON NEGATIVE SIDE THE WHOLE DAY

IT BROKE CRUCIAL LEVELS OF 4950,4920,4900 AND 4850 WHICH IS NEGATIVE SIGN FOR THE MARKETS

RBI POLICY : TODAY'S FALL COULD BE ATTRIBUTED TO RBI'S CREDIT POLICY .RBI TIGHTENED NPA NORMS FOR BANKS AND INCREASED REAL ESTATE PROVISION TO 1% FROM 0.4%.IT ALSO REVISED INFLATION TGT TO 6.5% FROM 5% FOR MARCH 31,2010 .IT KEPT CRR ,REPO AND REVERSE REPO RATE UNCHANGED .BUT HIKED SLR(STATUTORY LIQUIDITY RATIO) TO 25% FROM 24%

TURNOVER : MARKET RECORDED 3RD HIGHEST OVERALL TURNOVER AT 1.46 LAKH CRORE .WHILE F&O CLOCKED HIGHEST TURNOVER EVER OF ABOUT 1.20 LAKH CRORE

NIFTY FUT 26.10.09(C)

NIFTY FUT 5 DAY 10 MIN:

ADX: NIFTY FUT HAD GIVEN BUY SIGNAL AT 5000 WHEN POSITIVE DIRECTIONAL INDICATOR(+DI) GAVE A CROSSOVER

BUT ADX WAS STILL BELOW 20 BUT WAS MOVING UP WHICH INDICATED THE TREND WAS GETTING STRONG

NF REACHED MADE HIGH OF 5042 AFTER THE BUY INDICATION WAS GIVEN

NIFTY FUT 26.10.09(B)

NIFTY FUT 1 DAY 1 MIN: NF OPENED ON NEGATIVE NOTE BUT BY AFTERNOON IT HAD RECOVERED SMARTLY AND REACHED 5023 WHERE IT FACED RESISTANCE 3 TIMES

IT BROKE THAT RESISTANCE WITH GOOD VOLUMES BUT WAS NOT ABLE TO SUSTAIN IT AND CAME DOWN AFTER MAKING HIGH OF 5042

NIFTY FUT 26.10.09(A)

NIFTY 5 DAY 10 MIN: AS PER MY PREVIOUS POST I HAD SAID THAT NIFTY FUT WOULD FACE RESISTANCE AT TREND LINE WHICH I HAVE EXTENDED IT TODAY

I HAVE EXTENDED THE TREND LINE FROM THE PREVIOUS CHART (WITH YELLOW COLOUR LINE) AND AS EXPECTED IT FACED RESISTANCE AT 5023(MARKED WITH ARROW)

NIFTY FUT FOUND IT DIFFICULT TO CROSS THAT RESISTANCE OF 5023 TO 5025

ONCE IT DID CROSS THAT LEVEL WITH REASONABLE VOLUME AND REACHED 5042 IT WAS NOT ABLE TO SUSTAIN THAT MOMENTUM AND CAME DOWN SHARPLY

Nifty Future 23.10.09

NIFTY 5 DAY 10 MIN: WE CAN SEE A VERY IMPORTANT TREND LINE WHICH IS SPREAD OVER 5 DAYS .

THIS LINE COULD ACT AS RESISTANCE IN COMING DAYS

ACCORDING TO ME NIFTY FUT COULD FIND SUPPORT AT 4950 AND THEN 4900 WHICH ARE VERY CRUCIAL