NIFTY FUTURE 12.03.10 (B)

NIFTY FUTURE 5 DAY 15 MIN:


MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: WHEN NF WAS AT 5145 SELL SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 5126 AND CLOSED AT 5148

NIFTY FUTURE 12.03.10

NIFTY FUTURE 5 DAY 15 MIN:

TRENDLINE: NIFTY FUT HAD TAKEN SUPPORT AT 5126 AND 5127 (MARKED WITH YELLOW ARROWS) WHICH WAS THE LOW FOR THE DAY .

FALLING WEDGE: NF HAD MADE "FALLING WEDGE" PATTERN DURING THE DAY AND GAVE A BREAKOUT AT 5137 WITH LOW VOLUMES AFTER WHICH IT MADE A HIGH OF 5150 AND CLOSED AT 5148.1

NIFTY 10.03.10

NIFTY DAILY CHART :


SUPPORT LINE: TODAY NIFTY MADE A LOW OF 5092 WHICH IS PROVING TO BE CRUCIAL SUPPORT FOR LAST 2 DAYS

ON 8.03.10 LOW WAS 5092

ON 09.03.10 LOW WAS 5094

AND TODAY 10.03.10 LOW WAS 5092

DISH TV 09.03.10

DISH TV :

TRENDLINE: DISH TV FACED RESISTANCE (BLUE LINE) AT41.25 AND HAS SINCE COME DOWN FROM THERE.

STOCHASTICS : DISH TV IS TRADING IN OVER BOUGHT ZONE(ABOVE 80) FROM WHERE IT HAS NEGATIVE CROSSOVER ( UP ARROW) THUS IT MIGTY COME DOWN FUTHER

NIFTY 09.03.10 (B)

NIFTY DAILY CHART :

TRENDLINE: NIFTY IS FACING RESISTANCE(DOWN ARROWS) AND TAKING SUPPORT(UP ARROWS) AT VARIOUS POINTS ALONG THE TRENDLINE.

IN COMING DAYS THIS TRENDLINE WOULD PROBABLY WILL PLAY VITAL ROLE IN DECIDING THE MOVEMENT OF THE MARKET

TILL NOW NIFTY HAS NOT GONE BELOW THIS TRENDLINE WHICH IS ACTING AS STRONG SUPPORT .

NIFTY 09.03.10(A)

NIFTY DAILY CHART:

NIFTY HAS GOOD RESISTANCE AT 5129 WHICH IS 23.6% OF THE RALLY .

IT ALSO HAS RESISTANCE AT 5166 (BLUE LINE) AND 5182 (PINK LINE)