World Markets analysis as on 9th March 2010

Interpreting Charts - 9th March 2010

NIFTY EOD Analysis for 9th March 2010

Black Spinning-Top Candlestick. Showing Indecision. Found resistance at 5150 level.
Stochastics is -ve bias, and is in overbought area, showing downward slope.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5080. EMA 15 support at 4990.

World Markets analysis as on 8th March 2010

Interpreting Charts - 8th March 2010

NIFTY EOD Analysis for 8th March 2010

White Candlestick. Showing buying pressure. But, found resistance at 5150 level.
Stochastics is -ve bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5070. EMA 15 support at 4970. Wait and Watch for EMA 15-50 action tomorrow.

Weekly Charts Studied as on 5th March 2010