NIFTY FUTURE 8.12.09 (B)

NIFTY FUTURE 5 DAY 10 MIN:

DOUBLE TOP: NIFTY FUT HAD MADE DOUBLE TOP AT 5109 (BLUE LINE)

GO SHORT: WHEN NF REACHED 5109 AND WAS NOT ABLE TO CROSS THAT LEVEL , IT WAS GOOD OPPORTUNITY TO SHORT AFTER WHICH IT MADE A LOW OF 5065

NIFTY FUTURE 8.12.09 (A)

NIFTY FUTURE 5 DAY 10 MIN:

FALLING WEDGE: NIFTY FUTURE GAVE BREAK OUT FROM FALLING WEDGE PATTERN.

BREAKOUT HAPPENED WITH GOOD VOLUMES AT 5082 AND FINALLY CLOSED AT 5159

NIFTY FUTURE 4.12.09

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NIFTY FUTURE 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO LONG: WHEN NF WAS AT 5123 BUY SIGNAL WAS GIVEN WHEN MACD LINE GAVE POSITIVE CROSSOVER AND MADE A DAY HIGH OF 5169

GO SHORT: WHEN NF WAS AT 5109 SELL SIGNAL WAS GIVEN WHEN MACD SIGNAL GAVE A NEGATIVE CROSSOVER AND MADE A DAY LOW OF 5078 AND CLOSED AT 5115

NIFTY FUTURE 3.12.09

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NIFTY 5 DAY 15 MIN:

MACD: SHORT SIGNAL WAS GIVEN BY MACD AT 5176 WHERE MACD SIGNAL LINE GAVE NEGATIVE CROSSOVER , AFTER WHICH IT MADE A LOW OF 5115 AND CLOSED AT 5122

NIFTY FUTURE 2.11.09

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NIFTY 5 DAY 15 MIN :

TREND LINE SUPPORT: I HAVE DRAWN TREND LINE FROM 27.11.09 TO 2.12.09 WHERE NF HAS TAKEN SUPPORTS AT VARIOUS POINTS (YELLOW ARROWS)

IN TODAY'S CHART IT HAS TAKEN SUPPORT AT 5105,5110 AND 5115( PINK ARROWS)

CREDITS: CHIRAG PAREKH

NIFTY SPOT 1.12.09

NIFTY DAILY :

THE ABOVE CHART IS SELF EXPLANATORY WHERE ONE CAN SEE NIFTY HAS RESISTANCE AT 5140 , 5150 AND 5180

NIFTY FUT 30.11.09

NIFTY FUT 5 DAY 15 MIN:

MACD : MACD GAVE A SHORT SIGNAL WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AT 5060 AFTER WHICH NF WENT DOWN TO 5008 (MARKED WITH DIAMOND) AND CLOSED AT 5023

MACD HISTOGRAM: REVERSAL IN THE TREND WAS CONFIRMED WHEN HISTOGRAM STARTED TO MOVE BELOW ZERO LINE