Wednesday, March 31, 2010
NIFTY EOD Analysis as on 31st March 2010
Stochastics is showing -ve bias.
MACD is showing -ve bias and on the verge of cutting the signal line.
EMA5>EMA15>EMA50. EMA5 resistance at 5265. EMA 15 support at 5207.
Answers for Yesterday
NIFTY oscillated between the resistance and support level today and in the end, bears had the upper hand as they were able to pull down price.
Questions
Will the support level be broken? Let's wait and watch.
Tuesday, March 30, 2010
NIFTY EOD Analysis as on 30th March 2010
Stochastics turned is showing -ve bias, and is in overbought area.
MACD is showing flat bias.
EMA5>EMA15>EMA50. EMA5 resistance at 5265. EMA 15 support at 5207.
Answers for Yesterday
NIFTY tried to breakthrough the resistance at 5300 level again, but couldn't sustain and showed selling pressure today. The Spinning-Top rightly called the top. Also, the occurence of spinning top at the resistance level yesterday and a bearish candlestick at the resistance level which failed to breakthrough shows that bulls are weak now.
Questions
Will the downward momentum continue as shown by the bearish candlestick today? Let's wait and watch.
Monday, March 29, 2010
NIFTY EOD Analysis as on 29th March 2010
Stochastics turned is showing +ve bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5267. EMA 15 support at 5190.
Answers for Yesterday
NIFTY tried to breakthrough the resistance at 5300 level, buit couldn't sustain and closed at the resistance level.
Questions
Will this spinning-top act as a top-reversal? If it is, there should be a confirmation tomorrow. Let's wait and watch.
Sunday, March 28, 2010
Saturday, March 27, 2010
Friday, March 26, 2010
NIFTY EOD Analysis as on 26th March 2010
Stochastics turned from -ve bias to +ve bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5250. EMA 15 support at 5180.
Answers for Yesterday
NIFTY had a high of 5293 today, so it touched the 5300 level resistance
Questions
Can NIFTY break the 5300 level and continue its bullish run inspite of the strong resistance at 5300 level? Let's wait and watch.
Thursday, March 25, 2010
NIFTY EOD Analysis as on 25th March 2010
White Candlestick. Showing buying pressure. Closed above the resistance level of 5235.
Stochastics is -ve bias, and is in overbought area.
MACD is showing flat bias.
EMA5>EMA15>EMA50. EMA5 support at 5235. EMA 15 support at 5171.
Answers for Yesterday
NIFTY closed above 5235 level. So, bullish momentum to continue
Questions
Can NIFTY march its way forward and touch 5300 level? Let's wait and watch.
Tuesday, March 23, 2010
NIFTY EOD Analysis as on 23rd March 2010
Stochastics is -ve bias, and is in overbought area.
MACD is showing flat bias.
EMA5>EMA15>EMA50. EMA5 resistance at 5214. EMA 15 support at 5150.
Answers for Yesterday
NIFTY sustained above 5150.
Questions
Can NIFTY pierce the resistance level at 5235 or will the spinning-top signal a start of a range-bound market betwenn 5150 and 5235? Let's wait and watch.
Monday, March 22, 2010
NIFTY EOD Analysis as on 22nd March 2010
Stochastics is -ve bias, and is in overbought area.
MACD is showing flat bias.
EMA5>EMA15>EMA50. EMA5 resistance at 5214. EMA 15 support at 5135.
Answers for Yesterday
NIFTY couldn't stay above 5235 today and closed below that level.
Questions
Can NIFTY sustain above 5150 support level? Let's wait and watch.
Sunday, March 21, 2010
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