PIVOT FOR 4JAN 2010

NIFTY PIVOT POINT

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R3 5275.4 R2 5248.6 R1 5224.8
Pivot 5198
S1 5174.2 S2 5147.4 S3 5123.6

BANK NIFTY

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R3 9172.1 R2 9132.8 R1 9080.9
Pivot 9041.6
S1 8989.7 S2 8950.4 S3 8898.5

Trade as per Nifty trading System on STOCKMANIACS

Nifty Trading System

1) Go short as 13-min EMA is below 34-min EMA and 34-min EMA is below 55-min EMA.
2) RSI is below 50 (positive)
3) Stochastic is moving downward (positive)
4) RSI Should not below 30 /20 (was above 20, positive)
5) 70 mins EMA crosses below 1030 mins EMA and stays below it (Positive), We Can hold our Short Position for next day.
6) Exit Short as MACD in 5 days Chart Enter Positive zone (not need, as shown in figure below)
7) Going Short would have been in profit position today.