NIFTY 5 DAY 15 MIN:TRIPLE TOP: NIFTY FUT MADE TRIPLE TOP AT 5067 WHICH IS ACTING AS STRONG RESISTANCE FOR NF TO CROSSI 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 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 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 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 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 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 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
NIFTY 5 DAY 15 MIN:
