NIFTY EOD Analysis as on 24th August 2010

Red Candle showing selling pressure. Volume was average. Price Turned down after yesterday's tweezer-top formation.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5478 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Bearish candle after yesterday's tweezer top.

Bears had their day today. Volume was average. After yesterday's tweezer-top, a bearish red candle has been formed. For more downmove it needs confirmation.

Questions
What is going to happen next? Let's wait and watch.

Interpreting Stocks : 23rd August 2010

NIFTY EOD Analysis as on 23rd August 2010

Green Candle buying presure. Volume was almost same as last day's.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5473 level.
EMA13>EMA39.(+)


Answers for Yesterday
Today's Bearish Signals:
1) Tweezer Top

It was a tight day today, but bulls overcame bears and the close was at the previous day's hgih level thus forming a tweezer top like formation.

Questions
What is going to happen next? Let's wait and watch.

Weekly Analysis of Stocks as on 20th August 2010

NIFTY and VIX Weekly Analysis as on 20th August 2010

Interpreting Stocks : 19th August 2010

NIFTY EOD Analysis as on 19th August 2010

Green Candle showing buying pressure. Volume was less today.

EMA3 is above EMA 13(+).
Slope of EMA 13 is up(+). EMA 13 is at 5450 level.
EMA13>EMA39.(+)


Answers for Yesterday
Today's Bearish Signals:
1) Volume was comparitively lower on upside move today.

Bulls pushed the prices up today, but volume was lower than average. Sign of weak bulls?
Also, on weekly it has touched the upper channel resistance level. Can the bulls bring in power with higher volumes and sustain the move ahead? Let's see.

Questions
What is going to happen next? Let's wait and watch.