NIFTY FUT 5.11.09

NIFTY 5 DAY 10 MIN :INVERTED HEAD AND SHOULDERS BREAK OUT WITH HUGE VOLUMES

NIFTY FUT 4.11.09(B)

NIFTY 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO LONG:WHEN NF WAS AT 4630.35 BUY SIGNAL WAS GIVEN WHEN MACD LINE GAVE POSITIVE CROSSOVER AFTER THAT IT WENT TO 4672

NIFTY FUT 4.11.09(A)

NIFTY 5 DAY 5MIN: NF HAD MADE BULLISH HARAMI AT 4603 AND MARKET REVERSED FROM THAT POINT AND CLOSED AT DAY HIGH OF 4711

BULLISH HARAMI IS TREND REVERSAL PATTERN IN JAPANESE CANDLESTICK

NIFTY FUT (C) 3.11.09

NIFTY 1 DAY 1 MIN: BLOOD BATH!!!!!!!!

THERE WERE 2 IMPORTANT LEVELS TO WATCH OUT WHICH WERE 4790 AND 4780 WHERE IT SUPPORT AND RESISTANCE AT VARIOUS POINTS DURING THE COURSE OF THE DAY

ONCE THESE WERE BROKEN IT WAS FREE FALL

NEXT LEVELS ARE 4520 , 4500, 4480

NIFTY FUT (B) 3.11.09

NIFTY FUT 5 DAY 10MIN:

MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE)

GO SHORT:WHEN NF WAS AT 4692.50 ONE COULD HAVE GONEN SHORT AS MACD SIGNAL LINE GAVE NEGATIVE CROSSOVER AND AFTER THAT IT MADE DAY LOW OF 4731.55

NIFTY FUT 3.11.09 (A)

NIFTY 5 DAY 5 MIN:

TRUST ONLY TREND: IF YOU REFER TO MY PREVIOUS POST(CLICK ON LINK ) WHERE I HAD DRAWN TREND LINE (IN YELLOW) ,WHICH I HAVE EXTENDED IT IN TODAY'S CHART (IN BLUE)

http://ritesh-researchreports.blogspot.com/2009/11/nifty-fut-301009.html

AS EXPECTED IT TOOK RESISTANCE AT 4725(ARROW)

ONCE THAT TREND LINE RESISTANCE WAS BROKEN IT MADE DAY HIGH OF 4734.95

HEAD AND SHOULDERS : NF MADE H&S PATTERN WITH NECKLINE BROKEN AT 4710

** THE ABOVE CHART IS SELF EXPLANATORY

NIFTY FUT (D) 30.10.09

NIFTY 5 DAY 5 MIN:

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

GO SHORT: WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AT 4837 AFTER WHICH NF MAD A DAY LOW OF 4692

* THE CROSSOVER WAS ABOVE ZERO LINE

GO LONG : WHEN MACD LINE GAVE POSITIVE CROSSOVER AT 4733 AFTER WHICH NF REACHED 4752

WHAT IS MACD??

YOU CAN VISIT THIS WEBSITE :
http://www.tradingonlinemarkets.com/Articles/Technical_Analysis/MACD_Indicator.htm

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

NIFTY FUT 30.10.09(B)

NIFTY FUR 5 DAY 5 MIN:

"TREND IS YOUR FRIEND": IN THE ABOVE CHART I HAVE DRAWN TWO TRENDS LINES WHICH HAVE TAKEN SUPPORT AND RESISTANCE AT VARIOUS POINTS (ARROW)

BOTH THE TREND LINES CONVERGE AT SINGLE POINT ( BEAR) AT 4750

NIFTY FUT 30.09.09(A)

NIFTY 1 DAY 1 MIN: