Black Candlestick. Showing selling pressure. Bears tried to pull down, but bulls pulled it back and NIFTY closed well above the days low. Stochastics is showing +ve bias, but is in overbought area. MACD is showing +ve bias. EMA5>EMA15>EMA50. EMA5 support at 5012. EMA 15 support at 4935. Bullish bias is intact as of now.Thursday, March 4, 2010
NIFTY EOD Analysis for 4th March 2010
Black Candlestick. Showing selling pressure. Bears tried to pull down, but bulls pulled it back and NIFTY closed well above the days low. Stochastics is showing +ve bias, but is in overbought area. MACD is showing +ve bias. EMA5>EMA15>EMA50. EMA5 support at 5012. EMA 15 support at 4935. Bullish bias is intact as of now.
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