NIFTY 20.04.10(B)

NIFTY DAILY CHART :

INTERESTING TRENDLINE :

NIFTY TOOK SUPPORT AT 5160 WHICH IS THE TREND-LINE CONNECTING FROM JAN2008 HIGH TO JAN 2010 (SMILEY) ON 19TH APRIL 2010

NEXT SUPPORTS ARE AT 5155 , 5125 AND 5090

NEXT RESISTANCE ARE AT 5260 , 5280 AND 5295

NIFTY 20.04.10 (A)

NIFTY DAILY CHART:

MOVING AVERAGES: NIFTY HAD TAKEN SUPPORT AT 40 DAY (SMA) AT 5160 (ARROW)AND RECOVERED FROM THAT POINT AND CLOSED AT 5203 (YESTERDAY)

NIFTY WILL FACE RESISTANCE AT 20DAY SMA WHICH IS 5290

IT WILL ALSO FACE RESISTANCE TO CROSS THE 2ND TREND LINE ( GREEN LINE) IN COMING DAYS

NIFTY 16.04.10

NIFTY DAILY CHART:

BREAK DOWN: NIFTY HAS BROKEN SOME CRUCIAL SUPPORTS OF 5300 AND 5275

NIFTY MADE A LOW OF 5237 WHICH IS CRUCIAL LEVEL (PINK LINE)

NIFTY HAS BROKEN THE LOWER TRENDLINE (GREEN LINE) BUT CLOSED AT 5262 WHICH IS ON THE TRENDLINE .

GOLDMAN SACHS: WITH RECENT NEWS OF GOLDMAN SACHS BEING CHARGED WITH FRAUD BY SEC IS NOT A GOOD NEWS FOR INDIAN MARKETS EITHER , WE MIGHT OPEN GAP DOWN WITH 5236 AND 5200 MIGHT BE BREACHED

NEXT SUPPORT : 5200 AND 5185(V .IMP)

NIFTY FUTURE 14.04.10 (B)

NIFTY FUT 5 DAY 10 MIN:

BULLISH ENGULF :NF HAD FORMED A BULLISH ENGULFING CANDLESTICK PATTERN ,WHERE THE GREEN CANDLE HAD FULLY COVERED THE RED CANDLE AT 5315 .

NF MADE A HIGH OF 5336 AFTER THE PATTERN FORMATION AND CLOSED AT 5330

NIFTY FUT 14.04.10 (A)

NIFTY FUTURE 5 DAY 15 MIN: NF WAS NOT ABLE TO CROSS THE UPPER TRENDLINE AND CLOSED AT 5330

NIFTY FOUND SUPPORT AT VARIOUS POINTS (UP ARROW)ON THE LOWER TRENDLINE

NIFTY 13.04.10

NIFTY DAILY CHART :

10 DAY SIMPLE MOVING AVERAGE: NIFTY HAD TAKEN SUPPORT AT 10 SMA WHICH WAS 5324 AND CLOSED AT 5339

NIFTY ALSO HAS SUPPORT AT THE LOWER TRENDLINE AT 5320 AND 5305

NIFTY 09.04.10

NIFTY DAILY CHART :

CHANNEL :NIFTY TOOK SUPPORT AT LOWER END OF THE TREND LINE AT 5300 AND RECOVERED MOST OF THE LOSS FROM PREVIOUS DAY.

NEXT WEEK:

RESISTANCE :5395 AND 5425

SUPPORT: 5290 AND 5275