NIFTY DAILY 9.02.10

NIFTY DAILY :

YESTERDAY (i.e 08.02.10) NIFTY MADE A LOW OF 4675 WHICH VERY CLOSE THE LEVELS I HAD MENTIONED OF 4680 ON 6.02.10

IT ALSO CLOSE TO 4650 WHICH 200 DMA

NEXT RESISTANCE FOR NIFTY IS 4932 WHICH IS 61.8 % OF THE RALLY

NIFTY DAILY 6.02.10

NIFTY DAILY :

BEARISH FLAG : NIFTY HAD GIVEN BREAKDOWN FROM BEARISH FLAG ON
5 .02.10 WITH GAP .

NIFTY HAS BIG RESISTANCE AT 4832 WHICH 61.8 % RETRACEMENT OF THE RALLY

200 DMA: NIFTY CAN TAKE SUPPORT AT 200 DMA WHICH IS AT 4650 WHICH COULD BE FINAL HOPE FOR BULLS .

NIFTY WEEKLY 6.02.10

NIFTY WEEKLY CHART:

NIFTY HAS IMPORTANT SUPPORT AT 4680 ( PINK LINE)

NIFTY IMMEDIATE RESISTANCE IS AT 4785 WHICH IS 38.2 % RETRACEMENT OF THE RALLY

NIFTY FUTURE 5.02.10

NIFTY FUTURE 5 DAY 15 MIN:

BREAKOUT : NF HAD GIVEN BREAKOUT FROM THE RESISTANCE LINE AT 4715 (SMILEY) AND TOUCHED A HIGH OF 4740 .

"DOUBLE ": NF MADE DOUBLE BOTTOM AT 4688 (UP ARROWS) .NF ALSO MADE DOUBLE TOP AT 4741 ( DOWN ARROWS)

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