NIFTY FUT 5 DAY 10 MIN:
ADX: NIFTY FUT HAD GIVEN BUY SIGNAL AT 5000 WHEN POSITIVE DIRECTIONAL INDICATOR(+DI) GAVE A CROSSOVER
BUT ADX WAS STILL BELOW 20 BUT WAS MOVING UP WHICH INDICATED THE TREND WAS GETTING STRONG
NF REACHED MADE HIGH OF 5042 AFTER THE BUY INDICATION WAS GIVEN
NIFTY 5 DAY 10 MIN: AS PER MY PREVIOUS POST I HAD SAID THAT NIFTY FUT WOULD FACE RESISTANCE AT TREND LINE WHICH I HAVE EXTENDED IT TODAY
I HAVE EXTENDED THE TREND LINE FROM THE PREVIOUS CHART (WITH YELLOW COLOUR LINE) AND AS EXPECTED IT FACED RESISTANCE AT 5023(MARKED WITH ARROW)
NIFTY FUT FOUND IT DIFFICULT TO CROSS THAT RESISTANCE OF 5023 TO 5025
ONCE IT DID CROSS THAT LEVEL WITH REASONABLE VOLUME AND REACHED 5042 IT WAS NOT ABLE TO SUSTAIN THAT MOMENTUM AND CAME DOWN SHARPLY
NIFTY FUT 5 DAY 10 MIN:
