NIFTY 31.03.10

NIFTY FUT 5 DAY 15 MIN:

BULLISH ENGULFING PATTERN :

WHEN NIFTY FUT MAD A LOW OF 5245 IT HAD FORMED A BULLISH ENGULFING PATTERN WHERE THE GREEN CANDLE HAS ALMOST FULLY COVERED THE RED CANDLE (ARROW), WHICH IS A BULLISH SIGN AND INDICATES A REVERSAL IN TREND

AFTER WHICH NF MADE A HIGH OF 5296 AND CLOSED AT 5261

NIFTY 30.03.10

NIFTY DAILY CHART:

BEARISH ENGULFING PATTERN:
NIFTY HAS MADE A BEARISH ENGULFING PATTERN AS SHOW ABOVE(ARROW) WHERE THE RED CANDLE HAS ALMOST COVERED THE GREEN CANDLE TO YESTERDAY .

NIFTY DAILY 29.03.10

NIFTY DAILY CHART :

TRENDLINE BREACHED: NIFTY DID BREAK THE TRENDLINE AT AROUND 5318 AND MADE A HIGH OF 5329 , BUT CLOSED BELOW THE TRENDLINE(BLUE) AT 5302

RESISTANCE LEVELS OF 5295 AND 5310 WERE BROKEN TODAY ,THUS NEXT LEVELS TO WATCH OUT WOULD BE 5335 AND 5345

NIFTY WEEKLY 29.03.10

NIFTY WEEKLY CHART :

ANOTHER TRENDLINE: AS SHOWN ABOVE NIFTY HAS NOT BREACHED THE TREND LINE ON THE WEEKLY CHARTS WHERE IT IS FACING RESISTANCE ( ARROWS)