NIFTY FUTURE 8.01.10

NIFTY FUT 5 DAY 10 MIN:

ASCENDING TRIANGLE : NIFTY FUT GAVE BREAKOUT FROM ASCENDING TRIANGLE AT 5270 WITH LOW VOLUMES AND MADE A HIGH OF 5286 AND CLOSED AT 5258

NIFTY 6.01.10

NIFTY SPOT WEEKLY:

"RISING WEDGE": NIFTY HAS FORMED RISING WEDGE AS SHOWN ABOVE , WILL HAVE TO WAIT TO SEE IF IT BREAKS OUT OF THIS PATTERN OR BREAKS DOWN

NIFTY HAS ALSO FORMED DOJI'S IN TODAY'S CHART WHICH IS ALSO TREND REVERSAL INDICATOR

NIFTY FUTURE 5.01.10

NIFTY FUTURE 5 DAY 10 MIN:


MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at5283 short signal was given when macd signal line gave negative crossover after which it made a day low of 5263 and closed at 5277

NIFTY FUTURE 4/01/10

NIFTY 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5229 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5247 AND CLOSED AT 5243