NIFTY 18.03.10

NIFTY DAILY CHART :

RESISTANCE LINE: NIFTY IS FINDING IT DIFFICULT TO PENETRATE THE TRENDLINE AT 5280 (YELLOW ARROW)

RESISTANCE : 5280 , 5295, 5310

NIFTY FUTURE 18.03.10

NIFTY FUTURE 5 DAY 15MIN:

BULLISH FLAG:

NF GAVE A BREAKOUT(BLUE ARROW ) AT 5243 FROM A BULLISH FLAG PATTERN WITH GOOD VOLUMES AND CLOSED AT 5255

GMDC (A) 17.03.10

STOCHASTIC :

%K LINE HAS GIVEN POSITIVE CROSSOVER(SMILEY) FROM THE OVERSOLD POSITION WHICH IS A POSITIVE SIGNAL AND INDICATES POSSIBILITY OF FURTHER UPSIDE POTENTIAL

GMDC 17.03.10

"100 DAYS": GMDC HAS GOOD SUPPORT AT 100DMA FROM WHERE IT HAS GIVEN BOUNCE TWICE ( YELLOW ARROWS)

TODAY IT CLOSED AT 145.25 WITH GOOD VOLUMES

TRENDLINE: AS SHOWN ABOVE GMDC FACED RESISTANCE AT 147 ALONG THE TRENDLINE

NIFTY FUTURE 17.03.10

NIFTY FUTURE 5 DAY 15 MIN:


MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: WHEN NF WAS AT 5265 SELL SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 5222 AND CLOSED AT 5244

NIFTY 16.03.10

NIFTY DAILY CHART :

NIFTY FACED RESISTANCE AT 5210 WHICH IS ALONG THE TRENDLINE AS SHOWN ABOVE

NEXT RESISTANCE IS AT 5225 - 5235