Thursday, April 29, 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.

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