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

NIFTY EOD as on 28th April 2010

 Big Black candlestick, showing selling pressure.
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias.(-)
EMA5 is below EMA15. (-). EMA5 resistance at 5269(-). EMA 15 resistance at 5274(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
Huge selling in NIFTY, bears were in control from the start as is shown by the candlestick which has no upper shadow and a small lower shadow.

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

World Market Analysis as on 27th April 2010

Interpreting Charts - 27th April 2010

NIFTY EOD as on 27th April 2010

 Black candlestick, showing selling pressure. Closed the level of 5300.
Stochastics is showing +ve bias.(+)
MACD is showing flat bias.(~)
EMA5 is above EMA15. (+). EMA5 support at 5288(+). EMA 15 support at 5278(+).
Slope of EMA 5 is up.(+)

Answers for Yesterday
NIFTY couldn't continue its bullish ride, but still it closed aboev the support level of 5300.

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

S&P Composite Average 1 month change from 1928-2009

 This Image clearly shows the Stock market does not follow a random movement and that is it the human emotions which plays the most important part in stock market.

World Market Analysis as on 26th April 2010

Interpreting Charts - 26th April 2010

NIFTY EOD as on 26th April 2010

 White candlestick, showing buying pressure. Closed the level of 5300.
Stochastics is showing +ve bias.(+)
MACD is showing flat bias.(~)
EMA5 is above EMA15. (+). EMA5 support at 5288(+). EMA 15 support at 5278(+).
Slope of EMA 5 is up.(+)

Answers for Yesterday
NIFTY broke the level of 5300 and closed above it. Made higher high and higher low in the process, showing bullish momentum.

Questions
Can NIFTY continue its bullish ride? Let's wait and watch.

World Market Analysis as on 23rd April 2010

Weekly Analysis of some stocks as on 23rd April 2010

NIFTY Weekly Analysis as on 23rd April 2010

Interpreting Charts - 23rd April 2010

NIFTY EOD as on 23rd April 2010

 White candlestick, showing normal buying pressure. Closed at the resistance level of 5300.
Stochastics is showing +ve bias.(+)
MACD is showing flat bias.(~)
EMA5 is kissing EMA15. (+). EMA5 support at 5270. EMA 15 support at 5270.
Slope of EMA 5 is up.(+)

Answers for Yesterday
NIFTY continued the bullish run and closed at the resitance level of 5300. EMA 5-15 are on the verge of crossover and kissing each other. Next trading session will be really important.

Questions
Can NIFTY break the resistancr level at 5300? Let's wait and watch.

World Market Analysis as on 22nd April 2010

Interpreting Charts - 22nd April 2010

NIFTY EOD as on 22nd April 2010

 Spinning top candlestick with a longer upper shadow, showing indecision. Closed above the support level of 5230.(+)
Stochastics is showing +ve bias.(+)
MACD is showing -ve bias. (-)
EMA5 is below EMA15. (-) Downward bias. EMA5 resistance at 5260. EMA 15 resistance at 5270.
Slope of EMA 5 is up.(+)

Answers for Yesterday
Price traded above the 5230 level and tried to break 5300, but bears pulled it down by the end. Shows that bears are still lurking there.

Questions
Can NIFTY continue the ride? Let's wait and watch.

World Market Analysis as on 21st April 2010

Interpreting Charts - 21st April 2010