SHORT-TERM VIEW OF (NIFTY)as on 11/10/2010 10:41:00 AM

SHORT-TERM VIEW OF  (NIFTY)
as on 11/10/2010 10:41:00 AM
PRICE AND MOVING AVERAGES :-

NIFTY (6288.65)  has closed below its Short time moving average.

Short time moving average is currently below mid-time, AND below long time moving averages,  and STOPLOSS   6,282.482
The relationship between price and moving averages is: neutral in short-term, and neutral in mid-long term.

BOLLINGER BANDS :-
NIFTY  has closed BELOW upper band by 39.5%.
Bollinger Bands are 54.5% narrower than normal.
The narrow width of the bands suggests low volatility as compared to NIFTY 's normal range.  Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 10 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
Weighted
CURRENT VALUE FOR THE AVARAGE( 9 ) periods is = 6,283.333


RSI SHORT-TERM VIEW OF  (NIFTY)
as of 11/10/2010 10:42:00 AM
The current value for the RSI is   55.430

The RSI, written by J. Welles Wilder in 1978, can be used in several different ways to analyze a chart.
Tops and Bottoms:

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.

 BUY / SELL SIGNALS :-
A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.
The last signal was a SELL  7 period(s) ago.

CHART FORMATIONS :-
The RSI often forms chart patterns (such as head and shoulders or rising wedges) and support/resistance levels that may or may not be visible on the price chart.  Since the analysis of chart patterns/formations is subjective, the automatic interpretator cannot find them.  Please visually inspect the chart and look for such patterns.

Failure Swings (also known as support or resistance penetrations or breakouts):The RSI does not currently show any Failure Swings.

DIVERGENCE :-
The RSI and price are not diverging.
MACD SHORT-TERM VIEW OF   (NIFTY)
as of 11/10/2010 10:52:00 AM

CURRENT STATISTICS

Close: 6,296.000
Change:   13.550
MACD Value:   24.246
Signal Line:   29.610


The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.


CROSSOVERS :-

Currently the MACD is bearish since it is trading below its signal line.

The MACD crossed below its signal line 12 period(s) ago.

Since the MACD crossed its moving average, NIFTY's price has increased    0.177
And has ranged from a high of 6,310.900 to a low of 6,243.550

OVER BOUGHT/OVERSOLD :-
The MACD is not in an Overbought/Oversold range.

MACD DIVERGENCE :-
There have been no divergence signals within the last 5 periods.
ADX SHORT-TERM VIEW OF  (NIFTY)
as of 11/10/2010 10:52:00 AM
ADX DIRECTIONAL MOVEMENT:-

Plus directional movement index line (+DI) is currently above minus directional movement index (-DI)
It crossed above 45 bars ago.

Welles Wilder (the author of Directional Movement indicator) suggests buying when the +DI rises above the -DI and selling when the +DI falls below the -DI.

Crossover happened more than 3 bars ago, so it is too late to act on this signal.

TREND STRENGTH :-

The ADX is currently   32.061 and falling.
This suggests that the trend is medium in its strength.

THIS COMMENTARY IS NOT A RECOMMENDATION TO BUY (OR) SELL, USE AT YOUR OWN RISK.
NIFTY 11/10/2010 10:52:00 AM Price: 6296.55\c22  ADX  32.061\c29  +DMI  30.849\c32  -DMI  22.425

PROFIT Swings Plus
Date: 11/10/2010 10:52:00 AM

TREND - Bulllish