NIFTY FUTURE 31.12.09

NIFTY FUTURE 5 DAY 15 MIN:


MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):

GO SHORT: when NF was at 5225 short signal was given when macd signal line gave negative crossover after which it made a day low of 5191 and closed at 5202

NIFTY FUTURE 29/12/09

NIFTY 5 DAY 15 MIN:

NIFTY FUTURE 24/12/09

SORRY FOR LATE UPDATE

NIFTY FUTURE 5 DAY 10 MIN:

"BREAKOUT" : ONE CAN SEE FROM THE ABOVE CHART NF TOOK SUPPORT AND RESISTANCE AT VARIOUS POINTS AND FINALLY GAVE A BREAKOUT AT 5157 WITH GOOD VOLUMES AND MADE HIGH OF 5209

NIFTY FUTURE 22/12/09 (B)

NIFTY FUTURE 5 DAY 15 MIN:

RESISTANCE LINE: NF FACED RESISTANCE AT 5000 TODAY(4999.90) AS SHOWN ABOVE

NF HAD FACED RESISTANCE PREVIOUSLY MARKED WITH ARROWS

NIFTY FUTURE 22/12/09 (A)

NIFTY FUTURE 5 DAY 15 MIN:

SUPPORT LINE : NF TOOK SUPPORT AT VARIOUS POINTS AS SHOWN ABOVE(WITH YELLOW ARROWS)

NIFTY FUTURE 21/12/09 (B)

NIFTY 5 DAY 10 MIN

NIFTY FUTURE 21/12/09

NIFTY 5 DAY 15 MIN:

TREND LINE: NF TODAY TOOK SUPPORT AT THE POINT MARKED WITH ARROW(4960) IN TODAY'S CHART AND GAVE A GOOD BOUNCE TILL 4988

BUT NF WAS NOT ABLE TO MAINTAIN THAT LEVEL AND CAME DOWN TO CLOSE AT 4938