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
NIFTY FUTURE 5 DAY 10 MIN:MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):
MACD GAVE 2 SIGNALS TO TRADE :
GO LONG: WHEN NF WAS AT 5112 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5153
GO SHORT : WHEN NF WAS 5141 MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER THUS SHORT SIGNAL WAS GIVEN AFTER WHICH NF CLOSED AT 5131
NIFTY 5 DAY 15 MIN:MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):
GO SHORT: when NF was at 5137 short signal was given when macd line gave negative crossover after which it made a day low of 5090 and closed at 5126
NIFTY FUTURE 5 DAY 10 MIN:DOUBLE TOP: NIFTY FUT HAD MADE DOUBLE TOP AT 5109 (BLUE LINE) GO SHORT: WHEN NF REACHED 5109 AND WAS NOT ABLE TO CROSS THAT LEVEL , IT WAS GOOD OPPORTUNITY TO SHORT AFTER WHICH IT MADE A LOW OF 5065
NIFTY FUTURE 5 DAY 10 MIN:FALLING WEDGE: NIFTY FUTURE GAVE BREAK OUT FROM FALLING WEDGE PATTERN. BREAKOUT HAPPENED WITH GOOD VOLUMES AT 5082 AND FINALLY CLOSED AT 5159
