NIFTY FUTURE 22.02.10 (A)

NIFTY FUTURE 5 DAY 15 MIN :

TRENDLINE : NF TOOK SUPPORT AT POINTS (YELLOW ARROWS) SHOWN ABOVE ON THE TRENDLINE WHICH IS DRAWN FROM 17.02.10

AT 4980 THE TRENDLINE WAS BROKEN AFTER WHICH IT MADE LOW 4845 AND CLOSED AT 4850

VOLUMES: AFTER BREAKING 4980 VOLUMES STARTED TO INCREASE WITH EVERY RED CANDEL

IVRCL 18.02.10

IVRCL DAILY CHART :

CONSOLIDATION : IVRCL HAS BEN CONSOLIDATING FOR PAST ONE MONTH WITH RANGE GETTING NARROW AND NARROWER

BEARKOUT ? : IVRCL MAY MOVE OUT OF THE RANGE WITH BREAK ON THE UPSIDE OR DOWNSIDE .

VOLUMES : VOLUME HAS BEEN DECLINING IS THIS CONSOLIDATING PHASE TO THE STOCK

IN ODER TO BREAK THIS RANGE EITHER WAY, VOLUMES WOULD PLAY A VITAL ROLE TO DECIDE THE CONVICTION OF BREAKOUT OR BREAKDOWN

IVRCL WOULD FACE RESISTANCE AT 334 (PINK LINE) AND HAS SUPPORT AT 294

NIFTY DAILY 17.02.10

NIFTY DAILY CHART

RETRACEMENT: NIFTY HAS REACHED 50% OF ENTIRE RALLY FROM 4538 TO 5310

THUS NIFTY FACED RESISTANCE AT 4925.

NIFTY HAS STRONG RESISTANCE AT 4950 (PINK LINE) AND 4995 IN COMING DAYS

NIFTY HAS GOOD SUPPORT AT 4845 & 4830

NIFTY FUTURE 17.02.10

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO SHORT: WHEN NF WAS AT 4922 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 4878 AND CLOSED AT 4902

NIFTY FUTURE 16.02.10

NIFTY FUT 5 DAY 15 MIN:

SYMMETRICAL TRIANGLE :

NIFTY FUTURE GAVE GOOD BREAK OUT FROM THE CONSOLIDATION OF LAST 2 DAYS

SYMMETRICAL TRIANGLE BREAKOUT WAS GIVEN AT 4805 AFTER WHICH NF MADE HIGH OF 4893

ICICI BANK 11.02.10

ICICI BANK DAILY CHART :

SUPPORT : ICICI BANK HAS GOOD SUPPORT AT 780(PINK LINE) FROM WHERE IT HAS GIVEN GOOD BOUNCE PREVIOUSLY

200 DMA : ICICI HAS BEEN TRADING ABOVE 200 DMA WHICH IS AT 784 FOR LAST 1 WEEK WHICH IS A POSITIVE SIGN .IT HAS COME CLOSE TO THE 200 DMA BUT IT HAS NEVER TOUCHED THE 200 DMA LINE

VOLUMES: VOLUMES HAVEN BEEN ON CONSTANT DECLINE FROM MAY 2009 TO PRESENT DAY

HDIL 10.02.10

FOR A CHANGE

HDIL DAILY CHART :

RETRACEMENT : HDIL HAS GOOD SUPPORT AT 295 WHICH IS 50 % OF THE RALLY FROM 179 TO 411

200 D MA : AS CAN BE SEEN FROM THE ABOVE CHART HDIL HAS BEEN TRADING ABOVE 200 D MA AND AT TIMES TAKING SUPPORT AT THOSE LEVELS

IF 295 IS BROKEN IN COMING DAYS THEN THERE IS MAJOR SUPPORT AT 289(PINK LINE)