NIFTY FUT 5 DAY 15 MIN:BULLISH ENGULFING PATTERN :WHEN NIFTY FUT MAD A LOW OF 5245 IT HAD FORMED A BULLISH ENGULFING PATTERN WHERE THE GREEN CANDLE HAS ALMOST FULLY COVERED THE RED CANDLE (ARROW), WHICH IS A BULLISH SIGN AND INDICATES A REVERSAL IN TREND AFTER WHICH NF MADE A HIGH OF 5296 AND CLOSED AT 5261
NIFTY DAILY CHART:BEARISH ENGULFING PATTERN: NIFTY HAS MADE A BEARISH ENGULFING PATTERN AS SHOW ABOVE(ARROW) WHERE THE RED CANDLE HAS ALMOST COVERED THE GREEN CANDLE TO YESTERDAY .
NIFTY DAILY CHART : TRENDLINE BREACHED: NIFTY DID BREAK THE TRENDLINE AT AROUND 5318 AND MADE A HIGH OF 5329 , BUT CLOSED BELOW THE TRENDLINE(BLUE) AT 5302RESISTANCE LEVELS OF 5295 AND 5310 WERE BROKEN TODAY ,THUS NEXT LEVELS TO WATCH OUT WOULD BE 5335 AND 5345
NIFTY WEEKLY CHART :ANOTHER TRENDLINE: AS SHOWN ABOVE NIFTY HAS NOT BREACHED THE TREND LINE ON THE WEEKLY CHARTS WHERE IT IS FACING RESISTANCE ( ARROWS)
NIFTY DAILY CHART :"SAME OLD STORY": ONCE AGAIN NIFTY TOUCHED THE LOWER TRENDLINE AND MADE A HIGH OF 5293 ,BUT WAS NOT ABLE CROSS THE LOWER TENDLINE AS MENTIONED ON 18.03.10 POST NIFTY FACED RESISTANCE 5295 ,NEXT RESISTANCE IS AT 5310
NIFTY DAILY CHART : RESISTANCE:NIFTY FACED STRONG RESISTANCE TO BREAK THROUGH THE LOWER TRENDLINE OF THE RISING WEDGE (ARROW).THIS IS THE SECOND DAY IN A ROW WHERE NIFTY WAS NOT ABLE CROSS THE TRENDLINE.NIFTY HAS STRONG RESISTANCE AT 5270, 5280(MILD),5295 AND 5310
AURION PRO SOLUTION DAILY CHART :
AS REQUESTED BY SOME OF MY FRIENDS I AM GIVING MY VIEWS ON AURION PRO SOLUTION
RETRACEMENT THEORY: AURION PRO HAS STIFF RESISTANCE AT 323 AND 331 WHICH IS 50% OF THE ENTIRE RALLY FROM 609.90 (4TH JAN 2008) TO 56 (19TH MAR 2009)
VOLUMES: GENERALLY VOLUMES ARE VERY LOW , BUT SINCE LAST MONTH WE HAVE SEEN SPURT IN VOLUMES ON SELECTED DAYS(MARKED WITH ARROWS) (MOSTLY THROUGH BULK DEALS)
RESISTANCE : 325, 331 AND 350
