Tuesday, April 20, 2010

NIFTY EOD as on 20th April 2010

 White candlestick found resistance at 5230 level.
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.
EMA5 slope is showing downward bias. (-)

Answers for Yesterday
Price traded above EMA 50 today. So, the support at EMA 50 is valid.

Questions
What is going to happen next? Let's wait and watch.

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