Interpreting Stocks - 28th June 2010

NIFTY EOD Analysis as on 28th June 2010

Green candlestick which almost completely overshadowed the previous day's candle, showing bulls REALLY want to break out from this resistance level around 5300. Volume was low today compared to the previous day.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing +ve bias(+) and is in OB area.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 of at 5245 level
EMA13>EMA39.(+)

Answers for Yesterday
Bulls want to break free and move higher, but volume is not supporting yet. Unless we see some high volume, bears will always come to haunt the upmove.

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

Weekly Analysis of Stocks as on 25th June 2010

Weekly Analysis of NIFTY and VIX as on 25th June 2010

Interpreting Stocks - 25th June 2010

NIFTY EOD Analysis as on 25th June 2010

A big red candle which broke the support level around 5300 level and closed below it. But, volume was low on the breakdown today. So, we need confirmation to validate this as a true breakdown.
CMF is showing -ve bias compared to yesterday(-).
Stochastics is showing -ve bias(-).
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 of at 5238 level
EMA13>EMA39.(+)

Answers for Yesterday
Today's candle broke yesterday's Doji like candle's low and closed below the support level but with lower volumes. IF the breakdown was with high volumes then this could have been a trend reversal. Today's big red candle wiped out the gains during this week.
If the next candle supports the breakdown, then we may see a correction happening now.

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

Interpreting Stocks - 24th June 2010