NIFTY FUTURE 03.02.10

NIFTY FUTURE 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO LONG:WHEN NF WAS AT 4877 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 4949


GO SHORT: WHEN NF WAS AT 4937 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 4909 AND CLOSED AT 4921

NIFTY FUTURE 02.02.10 (B)

NIFTY FUTURE 5 DAY 15 MIN

RETURN OF ADX:

ADX: NIFTY FUT HAD GIVEN SELL SIGNAL AT 4886 WHEN NEGATIVE INDICATOR(-DI) GAVE A CROSSOVER AFTER WHICH NF CLOSED AT 4818

ADX WAS BELOW 20 AT THE TIME OF CROSSOVER BUT WAS TRENDING UPWARDS AS THE PACE OF SELLING GATHERED MOMENTUM .

NIFTY FUTURE 02.02.10

NIFTY FUTURE 5 DAY 15 MIN :

TREND LINE BROKEN: NF HAD TAKEN SUPPORT AT VARIOUS POINTS ALONG THE TRENDLINE BUT ONCE IT WAS BROKEN TODAY AT 4908 WE HAVE SEEN THE CARNAGE IT CREATED TODAY