Gold Feb 20.01.10

CHANGE: As i did not find anything interesting in nifty future so i am uploading Gold future chart


Gold Feb 20.01.10: ( Update till 7.30 pm IST)

Head and Shoulders:

The above chart is self explanatory where neck line was broken at 16845 with huge volumes after which it made low of 16777

NIFTY FUTURE 18.01.10

NIFTY FUTURE 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5276 LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5290


GO SHORT: WHEN NF WAS AT 5283 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 5256 AND CLOSED AT 5269.70

NIFTY FUTURE 15.01.10

NIFTY FUTURE 5 DAY 15 MIN

NIFTY FUTURE 14.01.10

NIFTY FUTURE 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5267 short signal was given when MACD signal line gave negative crossover after which it made a day low of 5244 and closed at 5261

NIFTY 13.01.10

NIFTY DAILY :

FIBONACCI RETRACEMENT :
NIFTY TOOK SUPPORT AT 5171(*5169.55) WHICH IS 38.2% RETRACEMENT OF THE ENTIRE RISE FROM 21/12/09 (4943) TO 6/01/10 WHERE IT MADE HIGH OF 5310

CRUCIAL LEVELS : 5170 IS VERY CRITICAL LEVEL WHERE SUPPORT WAS SEEN NEXT IMPORTANT LEVELS ON DOWNSIDE ARE AT 5160 AND 5150 AND 5125

NIFTY FUTURE 12.01.10

NIFTY FUT 5 DAY 10 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5244 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5282
(ACTUAL) AND CLOSED AT 5208.65

GO SHORT: WHEN NF WAS AT 5230 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A DAY LOW OF 5200(IMP LEVEL !) AND CLOSED AT 5208.65

NIFTY FUTURE 11.01.10

NIFTY FUTURE 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5272 short signal was given when MACD signal line gave negative crossover after which it made a day low of 5248 and closed at 5257