Monday, February 22, 2010

NIFTY EOD Analysis for 22nd Feb 2010

Black  Candlestick. Showing selling pressure. Stochastics is showing -ve bias. %K line cuts %D line, so showing -ve sentiment. MACD is also showing +ve bias. Moving Average 5,15,50 is bearish. EMA 15 resistance at 4870. EMA 50 resistance at 4960. EMA5 support at 4850.

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