Nifty Future ---MMA System -- 27-OCT-10 -- EOD.

A new system called MMA(Multiple Moving average), Based on Guppy MMA, Inventor Daryll Guppy in 1997( check his website "www.guppytraders.com).

Through this system, we can identify trend or buy sell signal.
I was watching this system from last few days, and find out its working well. Last signal it was a sell signal. I will let you know or post this chart again when it will give any buy signal .

Now at down side, i found a support area at 5995-5987 as per EOD data.
Below this, another support area is at 5962-5945.
My another system signaling that we are very near to bottom or it made already.
Any way MMA system will give signal for buy if bottom already made, as of now not giving any buy signal.