NIFTY DAILY CHART :"61.8%":NIFTY HAS TAKEN SUPPORT AT 4834 WHICH CLOSE TO LEVEL OF 4832 WHICH IS 61.8 % OF THE RALLY FROM 4538 TO 5310 IN FACT ON 23.02.10 NIFTY HAD MADE A LOW OF 4833 WHICH IS ALSO CLOSE TO THE ABOVE LEVELSTHUS 4830 IS A STRONG SUPPORT FOR NIFTY AFTER WHICH THERE IS SUPPORT AT 4815
NIFTY FUTURE 5 DAY 30 MIN:SYMMETRICAL TRIANGLE : THE ABOVE IS SELF EXPLANATORY WHERE NF HAS TAKEN SUPPORT AND FACED RESISTANCE AT VARIOUS POINTS .(MARKED WITH YELLOW ARROWS)
NIFTY FUTURE 5 DAY 15 MIN:MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):GO SHORT: WHEN NF WAS AT 4903 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 4849 AND CLOSED AT 4850
NIFTY FUTURE 5 DAY 15 MIN :TRENDLINE : NF TOOK SUPPORT AT POINTS (YELLOW ARROWS) SHOWN ABOVE ON THE TRENDLINE WHICH IS DRAWN FROM 17.02.10AT 4980 THE TRENDLINE WAS BROKEN AFTER WHICH IT MADE LOW 4845 AND CLOSED AT 4850VOLUMES: AFTER BREAKING 4980 VOLUMES STARTED TO INCREASE WITH EVERY RED CANDEL
IVRCL DAILY CHART :CONSOLIDATION : IVRCL HAS BEN CONSOLIDATING FOR PAST ONE MONTH WITH RANGE GETTING NARROW AND NARROWERBEARKOUT ? : IVRCL MAY MOVE OUT OF THE RANGE WITH BREAK ON THE UPSIDE OR DOWNSIDE . VOLUMES : VOLUME HAS BEEN DECLINING IS THIS CONSOLIDATING PHASE TO THE STOCKIN ODER TO BREAK THIS RANGE EITHER WAY, VOLUMES WOULD PLAY A VITAL ROLE TO DECIDE THE CONVICTION OF BREAKOUT OR BREAKDOWN
IVRCL WOULD FACE RESISTANCE AT 334 (PINK LINE) AND HAS SUPPORT AT 294
NIFTY DAILY CHARTRETRACEMENT: NIFTY HAS REACHED 50% OF ENTIRE RALLY FROM 4538 TO 5310 THUS NIFTY FACED RESISTANCE AT 4925.NIFTY HAS STRONG RESISTANCE AT 4950 (PINK LINE) AND 4995 IN COMING DAYSNIFTY HAS GOOD SUPPORT AT 4845 & 4830
NIFTY FUT 5 DAY 15 MIN:MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):GO SHORT: WHEN NF WAS AT 4922 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 4878 AND CLOSED AT 4902
