Reliance futures - have to wait for atleast 1 week to buy December futures or January 2011

Reliance futures - have to wait for atleast 1 week to buy December futures or January 2011.

The reason is SSTO of weekly chart turned positive but the MACD signal is not yet positive. at the same time 5 mins MACD is also negative, but 2 mins turned positive. 30 minutes moving towards positive.

Here is the weekly chart of Reliance industries

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Risk lovers can buy

Risk lovers can buy at current levels too, i am saying this because the macd point is increased one point on positive direction, if you see the previous macd directions, you can understand this. but as i say this is for risk lovers only, if you are a moderate, then you should have to wait atleast one weeek to get a confirmed direction

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can buy this stock now

can buy this stock now

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