NIFTY EOD Analysis as on 27th August 2010

Big Red Candlestick resembling a Bearish Engulfing patern. Volume was below average.

EMA3 is below EMA13(-).
Slope of EMA13 is down(-).
EMA 13 is at 5466 level.
EMA13 > EMA39(+).

Today's Bearish Signals:
1) Close was below EMA13.
2) Bearish Engulfing Candlestick (though volume was below average and also, it has been formed in a downtrend, so not much significance.)

Answers for Yesterday
Bears jumped in today, but the participation among bears was less as can be seen from Volume. NIFTY has closed at a crucial level because the close was at support area and also at EMA39 level.
Volume dried up at this level. Are we going to see upmove from here?

Questions
What is going to happen next?

Let's wait and watch!

Interpreting Stocks : 26th August 2010

NIFTY EOD Analysis as on 26th August 2010

Green Candle showing buying pressure. Volume was higher than average.

EMA3 is above EMA13 (+).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5476 level.
EMA13>EMA39.(+)





Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Was not able to surpass yesterday's mid point.

Bulls came in with good volumes today, but still the close was below yesterday's mid-point. We need a confimration that bulls will push ahead.

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

Interpreting Stocks : 25th August 2010

NIFTY EOD Analysis as on 25th August 2010

Red Candle showing selling pressure. Volume was average. Price is falling after tweezer top confirmation.

EMA3 is above EMA13 (+).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5475 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Price falling after tweezer tops, so got confirmation of a downtrend.

Bears had their day today. Volume was good too. Is this a sign of more downside? as price is falling after twezer top confirmation yesterday. Will Bulls halt the downside?

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

Interpreting Stocks : 24th August 2010

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.