Interpreting Charts - 30th April 2010

NIFTY EOD as on 30th April 2010

 White candlestick, showing normal buying pressure.
Stochastics is showing flat bias.(~)(-)
MACD is showing flat bias.(~)(-)
EMA5 is below EMA15. (-). EMA5 support at 5265(+). EMA 15 support at 5272(+).
Slope of EMA 5 is up.(+)

Answers for Yesterday
Normal buying, nothing special. Today's candle also was inside the long black candle formed day before yesterday. The Market will be rangebound until it closes above 5310.

Questions
Can bulls break the resistance at 5300 level? Let's wait and watch.

World Market Analysis as on 29th April 2010

Interpreting Charts - 29th April 2010

NIFTY EOD as on 29th April 2010

 White candlestick, showing normal buying pressure.
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias.(-)
EMA5 is below EMA15. (-). EMA5 resistance at 5262(-). EMA 15 resistance at 5270(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
Normal buying, nothing special. Today's candle couldn't surpass the mid-point of yesterday's candle, so the bears are still in control of the situation.

Questions
What is next in store? Let's wait and watch.

World Market Analysis as on 28th April 2010

Interpreting Charts - 28th April 2010