NIFTY FUT 13.11.09(B)

NIFTY FUT 5 DAY 5 MIN:

SUPPORT LINE: IF YOU REFER TO MY PREVIOUS POST I HAD DRAWN THIS TREND LINE WHICH I HAVE EXTENDED IT IN TODAY'S CHART( GREY COLOR) WHICH HAS ACTED AS SUPPORT WHILE MAKING HIGHER HIGHS AND HIGHER LOWS

IT TOOK SUPPORT AT THREE POINTS : 4958, 4978 AND 4988

NIFTY FUT 13.11.09 (A)

NIFTY FUT 5 DAY 5 MIN:

"AGAIN TREND IS YOUR FRIEND": IF YOU REFER TO MY PREVIOUS POST DATED 12.11.09 I HAVE DRAWN A TREND LINE WHICH I HAVE EXTENDED IN TODAY'S CHART (WITH PINK)

http://ritesh-researchreports.blogspot.com/2009/11/nifty-fut-121109.html

NF FACED RESISTANCE AT 4985( DOWN ARROW) AND TOOK SUPPORT AT 5000 (UP ARROW)

NIFTY FUT 12.11.09 (B)

NIFTY FUT 5 DAY 5 MIN:

MORE TREND LINES: I HAVE DRAWN ONE MORE TREND LINE( IN BLUE) WHERE NF HAD TAKEN SUPPORT AT VARIOUS POINTS( ARROW) AS SHOWN ABOVE

SYMMETRICAL TRIANGLE: NF HAD MADE SYMMETRICAL TRIANGLE IN TODAY'S CHART AND GAVE A BREAK DOWN AT 4978 AND AFTER THAT IT MADE A LOW OF 4918

NIFTY FUT 12.11.09 (A)

NIFTY FUT 5 DAY 5 MIN:

"TREND IS YOUR FRIEND": NF TOOK SUPPORT AND RESISTANCE AT VARIOUS LEVELS OVER THE LAST 5 DAYS WHICH I HAVE CONNECTED AND DRAWN A TREND LINE

THE TREND LINE HAS BEEN EXTENDED IN TODAY'S CHART AND IT TOOK SUPPORT AT 4960 AND 4970

NIFTY FUT 11.10.09

NIFTY FUT 5 DAY 5 MIN : NIFTY FUT HAD MADE SYMMETRICAL TRIANGLE PATTERN YESTERDAY AND IT HAS GIVEN A POSITIVE BREAK OUT .

I HAVE EXTENDED THE 2 TREND LINES AND THERE WAS A BREAK OUT WITH AVERAGE VOLUMES BUT IT PICKED UP AS NF STARTED MOVING UP !

NIFTY FUT10.11.09 (B)

NIFTY F:

NIFTY DAILY 10.11.09

NIFTY DAILY : NIFTY IS FACING RESISTANCE AT 4940 AND 4950 WHICH IS THE 61.8% RETRACE OF THE RECENT DOWNFALL .

RETRACEMENT LEVELS ARE FROM 5181 (20TH OCT) TO 4538 (3RD NOV)

NIFTY FUT 9.11.09

NIFTY 5 DAY 15 MIN: NIFTY FUT HAS AGAIN MADE BULLISH HARAMI AT 4796 AFTER THAT IT MADE DAY HIGH 4909

WHAT IS BULLISH HARAMI:

Source : investopedia

What Does Bullish Harami Mean?
A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.

Investopedia explains Bullish Harami
Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal.

FOR MORE ON BULLISH HARAMI AND OTHER CANDLESTICK PATTERNS CLICK ON THE LINK GIVEN BELOW

http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Harami.html