Wednesday, December 17, 2008

updates for dec 18

******Trading system update for Nifty. (2954)
~BIASturned neutral. ( 3d HMA- 3047, 3d LMA-2941)
~MOMENTUM – positive. (3d SMA- 2992, 8d SMA-2906)
~TREND – positive. (8d SMA-2906, 34d SMA-2819)
Ø STRATEGY-
*Positional—long.(hold only 50% as closed below 3d SMA)
*stop loss – 3d LMA(50%)-2941.
Ø *SUPPORTS- 2941,2906,2819.
*RESISTANCE-2992,3047.