Friday, April 30, 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.

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