NIFTY FUTURE 21/12/09

NIFTY 5 DAY 15 MIN:

TREND LINE: NF TODAY TOOK SUPPORT AT THE POINT MARKED WITH ARROW(4960) IN TODAY'S CHART AND GAVE A GOOD BOUNCE TILL 4988

BUT NF WAS NOT ABLE TO MAINTAIN THAT LEVEL AND CAME DOWN TO CLOSE AT 4938

sorry !!

sorry guys for not updating nifty chart for 18/12/09 as was out of mumbai for 3 days .will try to update it today

Thx & Regards
Ritesh Bhansali

NIFTY FUTURE 17/12/09 (B)

NIFTY 5 DAY 15 MIN:

TRIPLE TOP: NIFTY FUT MADE TRIPLE TOP AT 5067 WHICH IS ACTING AS STRONG RESISTANCE FOR NF TO CROSS

I HAVE ALSO DRAWN TREND LINE CONNECTING VARIOUS POINTS OVER THE LAST 5 DAYS WHERE IT IS FACING RESISTANCE(MARKED WITH ARROWS)

THUS IN COMING DAYS 5067 , 5075 AND 5090 WILL ACT AS STRONG RESISTANCE

NIFTY FUTURE 17/12/09

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5034 short signal was given when macd signal line gave negative crossover after which it made a day low of 5008 and closed at 5030

NIFTY FUTURE 16/12/09

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5027 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5072

NIFTY FUTURE 15/12/09 (B)

NIFTY FUT 5 DAY 30 MIN:

SUPPORT LINE:

IF YOU REFER TO YESTERDAY'S POST WHERE I HAD DRAWN THE SUPPORT LINE , WHICH I HAVE EXTENDED IT IN TODAY'S CHART(PINK LINE)

NIFTY FUTURE 15/12/09

NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5100 short signal was given when macd signal line gave negative crossover after which it made a day low of 5017 and closed at 5021