Monday, April 5, 2010

NIFTY EOD Analysis as on 5th April 2010

Long White Candlestick with no lower shadow and a  small upper shadow. Showing buying pressure.
Stochastics is +ve bias.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5300. EMA 15 support at 5231.

Answers for Yesterday
A Long white candlestick showing buying pressure.
Questions
What's going to happen next? Let's wait and watch.
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