NIFTY FUTURE 25.01.10 (C)

NIFTY FUTURE 5 DAY 15 MIN

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 4990 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5039

NIFTY FUTURE 25.01.10 (B)

NIFTY FUTURE 5 DAY 15 MIN:

FIBONACCI RESISTANCE:

NF FACED RESISTANCE AT 5038( MARKED ) WHICH IS 61.8% FROM 5075 WHICH IS THE HIGH OF 22.01.10 TO 4976 LOW OF 25.01.10

NIFTY FUTURE 25.01.10 (A)

NIFTY FUTURE 5 DAY 15 MIN:

SUPPORT AND RESISTANCE:
NIFTY FUT FACED RESISTANCE AND TOOK SUPPORT AT VARIOUS POINTS ( MARKED WITH ARROWS) .
NF CLOSED AT 4992 WHICH IS CLOSE TO LOWER TREND LINE AS SHOWN ABOVE

Nifty Daily 25.01.10

NIFTY DAILY:

TRENDLINE SUPPORT :
NIFTY HAS TAKE SUPPORT AT 5000 IN THE LINE CHART OF NIFTY . THIS TRENDLINE SUPPORT IS VERY IMPORTANT WHICH IF BROKEN CAN TAKE THE NIFTY TO 4940 AND BELOW

NIFTY WEEKLY 22.01.10

NIFTY WEEKLY :

RISING WEDGE:
THIS IS A CLASSIC EXAMPLE OF RISING WEDGE PATTERN WHERE THE LOWER TREND LINE WAS BROKEN AND NIFTY CLOSED AT 5036

CREDITS: CHIRAG PAREKH

NIFTY 22.01.10

"BLOODBATH"

CRUCIAL SUPPORT:

NIFTY TOOK SUPPORT AT 5083 YESTERDAY (21.01.10) WHICH IS 61.8% RETRACEMENT OF THE ENTIRE RISE FROM 21/12/09 (4943) TO 6/01/10 WHERE IT MADE HIGH OF 5310

TODAY IT MADE A LOW OF 4954 WHICH IS CLOSE TO 4940 WHICH IS VERY IMPORTANT LEVEL

NEXT LEVELS :

4940 IS CRITICAL LEVEL TO WATCH AFTER WHICH 4920 AND 4900

NIFTY FUTURE 22.01.10

NIFTY FUTURE 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO LONG:WHEN NF WAS AT 5013 MACD LINE GAVE A POSITIVE CROSSOVER THUS BUY SIGNAL WAS GIVEN AFTER WHICH NF MADE A HIGH OF 5274 AND CLOSED AT 5015