NIFTY FUTURE 17/12/09 (B)

NIFTY 5 DAY 15 MIN:

TRIPLE TOP: NIFTY FUT MADE TRIPLE TOP AT 5067 WHICH IS ACTING AS STRONG RESISTANCE FOR NF TO CROSS

I HAVE ALSO DRAWN TREND LINE CONNECTING VARIOUS POINTS OVER THE LAST 5 DAYS WHERE IT IS FACING RESISTANCE(MARKED WITH ARROWS)

THUS IN COMING DAYS 5067 , 5075 AND 5090 WILL ACT AS STRONG RESISTANCE

NIFTY FUTURE 17/12/09

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5034 short signal was given when macd signal line gave negative crossover after which it made a day low of 5008 and closed at 5030

NIFTY FUTURE 16/12/09

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5027 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5072

NIFTY FUTURE 15/12/09 (B)

NIFTY FUT 5 DAY 30 MIN:

SUPPORT LINE:

IF YOU REFER TO YESTERDAY'S POST WHERE I HAD DRAWN THE SUPPORT LINE , WHICH I HAVE EXTENDED IT IN TODAY'S CHART(PINK LINE)

NIFTY FUTURE 15/12/09

NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5100 short signal was given when macd signal line gave negative crossover after which it made a day low of 5017 and closed at 5021

NIFTY FUTURE 14/12/09 (B)

NIFTY FUT 5 DAY 30 MIN:

SUPPORT AND RESISTANCE :

THE ABOVE CHART IS SELF EXPLANATORY WHERE IN VARIOUS SUPPORT AND RESISTANCE POINTS ARE SHOWN WITH ARROWS FOR LAST 3 DAYS (10TH ,11TH AND 14TH DEC 2009)

NIFTY FUTURE 14/12/09 (A)

NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5160 short signal was given when macd signal line gave negative crossover after which it made a day low of 5090 and closed at 5102