NIFTY SPOT 22.10.09

NIFTY DAILY CHART : THE ABOVE CHART IS SPOT NIFTY DAILY CHART WHICH SHOWS WHERE NIFTY HAS TAKEN SUPPORT AT VARIOUS POINTS ON THE TREND LINE( SHOWN WITH ARROW)

BUT TODAY THE TREND LINE WAS BROKEN AT AROUND 5060 WHICH IS BEARISH SIGNAL.

NEXT SUPPORT FOR SPOT NIFTY IS AT 4950 AND AFTER THAT 4925

NIFTY FUT 22.10.09

NIFTY 5 DAY 5 MIN: NIFTY FUT HAS MADE ROUNDING TOP FORMATION WHICH IS RARE .

A ROUNDED TOP IS CONSIDERED A BEARISH SIGNAL , INDICATING A POSSIBLE REVERSAL OF THE CURRENT UPTREND TO A NEW DOWNTREND

ONCE THE NECKLINE WAS BROKEN TODAY IT TRIED TO TOUCH NECKLINE BUT FAILED AND CAME DOWN HEAVILY AS SHOWN IN THE ABOVE CHART

IN TODAY'S CHART NIFTY FUTURE HAD MADE A RISING WEDGE WHICH WAS BROKEN WITH GOOD VOLUMES

CREDITS: SANDESH DALVI
CHARTS UPDATED :RITESH BHANSALI

NIFTY FUT 21.10.09 (B)

NIFTY FUT 5 DAY 5 MIN: NIFTY FUT MOVED WITHIN THE RANGE OF UPPER END OF THE BOLLINGER BAND AND LOWER END OF THE BOLLINGER BAND

CANDELSTICKS: NIFTY FUT MADE A BEARISH EVENING STAR WHICH IS RARE AND WHICH INDICATES DOWNWARD TREND

NIFTY FUT 21.10.09

NIFTY 1 DAY 1 MIN:NIFTY FUT OPENED ON NEGATIVE NOTE

NIFTY FUT 17.10.09

NIFTY 5 DAY 5 MIN: NIFTY ENDED THE MUHURAT TRADING SESSION ON A FLAT NOTE

MACD :THOUGH THERE WAS TRADING OPPORTUNITY TO SHORT AT AROUND 5133 WHEN MACD GAVE NEGATIVE CROSSOVER AFTER THAT IT MADE A LOW OF 5118

STOCKASTICS: ANOTHER OBSERVATION IS THAT STOCKASTICS IS IN OVER SOLD POSITION AT 20 SO MAY BE MARKET CAN GIVE A BOUNCE FROM HERE ON TUESDAY

NIFTY FUTURE ENDED THE DAY WITH DISCOUNT OF 23.05 PIONTS.

IMPORTANT STATS:

Performance from 2008-Diwali to 2009-Diwali

FIIs INVESTED $ 12.9 BILLION IN CASH MARKETS AND $4.6 BILLION IN F&O MARKET. DOMESTIC INSTITUTIONAL INVESTORS HAVE PUT IN RS 26,975 cr .

NIFTY AND SENSEX HAVE GONE UP 90% FROM PREVIOUS DIWALI LEVELS OF 2685 AND 9008 RESPECTIVELY

Commodities:

Gold gained at $ 1,050/ounce from $750/ounce.

Silver was up to $ 17/ounce from $ 7/ounce.

Crude went up to $ 78/bbl from $ 50/bbl.

HAPPY DIWALI

HAPPY DIWALI AND PROSPEROUS NEW YEAR
FROM RITESH & FAMILY