NIFTY 5 DAY 5 MIN: NF FOUND IT DIFFICULT TO CROSS THE TREND LINE WHERE IT FACED RESISTANCE .
MACD(Moving Average Convergence Divergence):MACD GAVE SHORT SIGNAL TWICE.
- WHEN NF WAS AT 4919.70 THE MACD SIGNAL LINE (RED LINE) GAVE CROSSOVER OF MACD LINE (GREEN LINE) AS MARKED WITH AN ARROW AFTER WHICH IT REACHED 4867 AT LOWEST POINT
- WHEN NF WAS AT 4867.45 THE MACD SIGNAL LINE GAVE CROSSOVER OF MACD LINE AS MARKED WITH ARROW AFTER WHICH IT MADE DAY LOW OF 4838
NOTE: MACD IS CONSIDERD AS LAGGARD INDICATOR
I HAVE TAKEN =
AVG PERIOD : 9
SHORT PERIOD: 9
LONG PERIOD : 24
ALL THE INICATORS ARE IN SIMPLE MOVING AVERAGE
NIFTY FUT 1 DAY 1 MIN: NIFTY FUT OPENED ON NEGATIVE NOTE AND REMAINED ON NEGATIVE SIDE THE WHOLE DAY
IT BROKE CRUCIAL LEVELS OF 4950,4920,4900 AND 4850 WHICH IS NEGATIVE SIGN FOR THE MARKETS
RBI POLICY : TODAY'S FALL COULD BE ATTRIBUTED TO RBI'S CREDIT POLICY .RBI TIGHTENED NPA NORMS FOR BANKS AND INCREASED REAL ESTATE PROVISION TO 1% FROM 0.4%.IT ALSO REVISED INFLATION TGT TO 6.5% FROM 5% FOR MARCH 31,2010 .IT KEPT CRR ,REPO AND REVERSE REPO RATE UNCHANGED .BUT HIKED SLR(STATUTORY LIQUIDITY RATIO) TO 25% FROM 24%
TURNOVER : MARKET RECORDED 3RD HIGHEST OVERALL TURNOVER AT 1.46 LAKH CRORE .WHILE F&O CLOCKED HIGHEST TURNOVER EVER OF ABOUT 1.20 LAKH CRORE
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 FUT 1 DAY 1 MIN: NF OPENED ON NEGATIVE NOTE BUT BY AFTERNOON IT HAD RECOVERED SMARTLY AND REACHED 5023 WHERE IT FACED RESISTANCE 3 TIMES
IT BROKE THAT RESISTANCE WITH GOOD VOLUMES BUT WAS NOT ABLE TO SUSTAIN IT AND CAME DOWN AFTER MAKING HIGH OF 5042
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 5 DAY 10 MIN: WE CAN SEE A VERY IMPORTANT TREND LINE WHICH IS SPREAD OVER 5 DAYS .
THIS LINE COULD ACT AS RESISTANCE IN COMING DAYS
ACCORDING TO ME NIFTY FUT COULD FIND SUPPORT AT 4950 AND THEN 4900 WHICH ARE VERY CRUCIAL
NIFTY 5 DAY 5 MIN: NF FOUND IT DIFFICULT TO CROSS THE TREND LINE WHERE IT FACED RESISTANCE .
