Friday, April 23, 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.

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