Wednesday, January 12, 2011

Daily Nifty chart with analysis

kailash Chaturvedi (1/12/2011 7:10:55 PM): sent two books
Sreekumar (1/12/2011 7:11:31 PM): i received sir..thank you...
kailash Chaturvedi (1/12/2011 7:11:39 PM): ok
Sreekumar (1/12/2011 7:11:44 PM): i will read it now..
kailash Chaturvedi (1/12/2011 7:12:20 PM): no first you tell me what is the reason of nifty's bullishness on eod ?
Sreekumar (1/12/2011 7:12:36 PM): ok
kailash Chaturvedi (1/12/2011 7:14:30 PM): consider candle, bollinger , volume macd histogram , signal line , rsi , stoch , and w % r in it ...
Sreekumar (1/12/2011 7:18:02 PM): sir .. rsi / w % stoch are below the threshold.. and macd is neutral but it is moving up..
Sreekumar (1/12/2011 7:18:38 PM): nifty closed above bollinger band..and bullish candel stick..
Sreekumar (1/12/2011 7:18:54 PM): lower bollinger band*
kailash Chaturvedi (1/12/2011 7:19:43 PM): now see
kailash Chaturvedi (1/12/2011 7:20:51 PM): todays candle closed above yeasterdays range...yesterday was doji confirmed by todays up move
kailash Chaturvedi (1/12/2011 7:21:17 PM): volumes were higher than last 20 days 
kailash Chaturvedi (1/12/2011 7:21:44 PM): macd histogram converging and turned green
kailash Chaturvedi (1/12/2011 7:22:05 PM): rsi pointing to North East 
kailash Chaturvedi (1/12/2011 7:22:56 PM): same stoch and w % r so what are all indicators none is supporting bears 
kailash Chaturvedi (1/12/2011 7:23:21 PM): so trend reversal confirmed here 

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