NIFTY FUTURE 29.01.10

NIFTY FUTURE 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO LONG:WHEN NF WAS AT 4796 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 4889

NIFTY DAILY 28.01.10

NIFTY DAILY CHART :

FIBONACCI PLAY:

NIFTY IS MOVING BETWEEN FIBONACCI NUMBERS . ON 27.01.10 IT TOOK SUPPORT AT 4834 WHICH 61.8% OF THE RALLY FROM 3/11/09 TO 6/01/10

TODAY i.e ON 28.01.10 NIFTY FACED RESISTANCE AT 4927 WHICH WAS TODAY'S HIGH ,WHICH IS 50% OF THE RALLY FROM 3/11/09(4539) TO 6/01/10(5310)

IN COMING DAYS NIFTY HAS SUPPORT AT 4805 , 4745

NIFTY FUTURE 28.01.10

NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO SHORT: WHEN NF WAS AT 4904 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 4820 AND CLOSED AT 4885


GO LONG:WHEN NF WAS AT 4849 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 4900

NIFTY FUTURE 25.01.10 (C)

NIFTY FUTURE 5 DAY 15 MIN

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 4990 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5039

NIFTY FUTURE 25.01.10 (B)

NIFTY FUTURE 5 DAY 15 MIN:

FIBONACCI RESISTANCE:

NF FACED RESISTANCE AT 5038( MARKED ) WHICH IS 61.8% FROM 5075 WHICH IS THE HIGH OF 22.01.10 TO 4976 LOW OF 25.01.10

NIFTY FUTURE 25.01.10 (A)

NIFTY FUTURE 5 DAY 15 MIN:

SUPPORT AND RESISTANCE:
NIFTY FUT FACED RESISTANCE AND TOOK SUPPORT AT VARIOUS POINTS ( MARKED WITH ARROWS) .
NF CLOSED AT 4992 WHICH IS CLOSE TO LOWER TREND LINE AS SHOWN ABOVE

Nifty Daily 25.01.10

NIFTY DAILY:

TRENDLINE SUPPORT :
NIFTY HAS TAKE SUPPORT AT 5000 IN THE LINE CHART OF NIFTY . THIS TRENDLINE SUPPORT IS VERY IMPORTANT WHICH IF BROKEN CAN TAKE THE NIFTY TO 4940 AND BELOW