Thursday, April 1, 2010

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

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