Tuesday, January 12, 2010

NIFTY FUTURE 12.01.10


NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5244 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5282
(ACTUAL) AND CLOSED AT 5208.65


GO SHORT: WHEN NF WAS AT 5230 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A DAY LOW OF 5200(IMP LEVEL !) AND CLOSED AT 5208.65

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