GMDC 17.03.10

"100 DAYS": GMDC HAS GOOD SUPPORT AT 100DMA FROM WHERE IT HAS GIVEN BOUNCE TWICE ( YELLOW ARROWS)

TODAY IT CLOSED AT 145.25 WITH GOOD VOLUMES

TRENDLINE: AS SHOWN ABOVE GMDC FACED RESISTANCE AT 147 ALONG THE TRENDLINE

NIFTY FUTURE 17.03.10

NIFTY FUTURE 5 DAY 15 MIN:


MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: WHEN NF WAS AT 5265 SELL SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 5222 AND CLOSED AT 5244

NIFTY 16.03.10

NIFTY DAILY CHART :

NIFTY FACED RESISTANCE AT 5210 WHICH IS ALONG THE TRENDLINE AS SHOWN ABOVE

NEXT RESISTANCE IS AT 5225 - 5235

NIFTY FUTURE 12.03.10 (B)

NIFTY FUTURE 5 DAY 15 MIN:


MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: WHEN NF WAS AT 5145 SELL SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 5126 AND CLOSED AT 5148

NIFTY FUTURE 12.03.10

NIFTY FUTURE 5 DAY 15 MIN:

TRENDLINE: NIFTY FUT HAD TAKEN SUPPORT AT 5126 AND 5127 (MARKED WITH YELLOW ARROWS) WHICH WAS THE LOW FOR THE DAY .

FALLING WEDGE: NF HAD MADE "FALLING WEDGE" PATTERN DURING THE DAY AND GAVE A BREAKOUT AT 5137 WITH LOW VOLUMES AFTER WHICH IT MADE A HIGH OF 5150 AND CLOSED AT 5148.1

NIFTY 10.03.10

NIFTY DAILY CHART :


SUPPORT LINE: TODAY NIFTY MADE A LOW OF 5092 WHICH IS PROVING TO BE CRUCIAL SUPPORT FOR LAST 2 DAYS

ON 8.03.10 LOW WAS 5092

ON 09.03.10 LOW WAS 5094

AND TODAY 10.03.10 LOW WAS 5092

DISH TV 09.03.10

DISH TV :

TRENDLINE: DISH TV FACED RESISTANCE (BLUE LINE) AT41.25 AND HAS SINCE COME DOWN FROM THERE.

STOCHASTICS : DISH TV IS TRADING IN OVER BOUGHT ZONE(ABOVE 80) FROM WHERE IT HAS NEGATIVE CROSSOVER ( UP ARROW) THUS IT MIGTY COME DOWN FUTHER