Tuesday, December 16, 2008

trading system update

******Trading system for NIFTY DAILY. (2981)
~BIAS – turned positive. ( 3d HMA- 2965, 3d LMA-2864)
~MOMENTUM –positive. (3d SMA- 2941, 8d SMA-2834)
~TREND – turned positive. (8d SMA-2834, 34d SMA-2805)
Ø STRATEGY-
*Positional—long.(100%)
*stop loss – 3d SMA(50%)-2941 & 3d LMA(50%)-2864.
Ø *SUPPORTS- 2965,2941,2864,2834,2805.
*RESISTANCE-nil.