NIFTY EOD Analysis as on 30th August 2010

Small bodied green candlesick with low volumes showing indecision.

EMA3 is below EMA13(-).
Slope of EMA13 is down(-).
EMA 13 is at 5459 level.
EMA13 > EMA39(+).

Today's Bearish Signals:
1) Close was below EMA13.

Answers for Yesterday
It was a tug of war today, which ended in indecision at the end. Volume was also low. Anyways, it looks like Bulls have caught a grip at this level, but needs confirmation.

Questions
What is going to happen next?

Let's wait and watch!

NIFTY EOD Analysis as on 27th August 2010

Big Red Candlestick resembling a Bearish Engulfing patern. Volume was below average.

EMA3 is below EMA13(-).
Slope of EMA13 is down(-).
EMA 13 is at 5466 level.
EMA13 > EMA39(+).

Today's Bearish Signals:
1) Close was below EMA13.
2) Bearish Engulfing Candlestick (though volume was below average and also, it has been formed in a downtrend, so not much significance.)

Answers for Yesterday
Bears jumped in today, but the participation among bears was less as can be seen from Volume. NIFTY has closed at a crucial level because the close was at support area and also at EMA39 level.
Volume dried up at this level. Are we going to see upmove from here?

Questions
What is going to happen next?

Let's wait and watch!

Interpreting Stocks : 26th August 2010

NIFTY EOD Analysis as on 26th August 2010

Green Candle showing buying pressure. Volume was higher than average.

EMA3 is above EMA13 (+).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5476 level.
EMA13>EMA39.(+)





Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Was not able to surpass yesterday's mid point.

Bulls came in with good volumes today, but still the close was below yesterday's mid-point. We need a confimration that bulls will push ahead.

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

Interpreting Stocks : 25th August 2010

NIFTY EOD Analysis as on 25th August 2010

Red Candle showing selling pressure. Volume was average. Price is falling after tweezer top confirmation.

EMA3 is above EMA13 (+).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5475 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Price falling after tweezer tops, so got confirmation of a downtrend.

Bears had their day today. Volume was good too. Is this a sign of more downside? as price is falling after twezer top confirmation yesterday. Will Bulls halt the downside?

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

Interpreting Stocks : 24th August 2010

NIFTY EOD Analysis as on 24th August 2010

Red Candle showing selling pressure. Volume was average. Price Turned down after yesterday's tweezer-top formation.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5478 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Bearish candle after yesterday's tweezer top.

Bears had their day today. Volume was average. After yesterday's tweezer-top, a bearish red candle has been formed. For more downmove it needs confirmation.

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

Interpreting Stocks : 23rd August 2010

NIFTY EOD Analysis as on 23rd August 2010

Green Candle buying presure. Volume was almost same as last day's.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5473 level.
EMA13>EMA39.(+)


Answers for Yesterday
Today's Bearish Signals:
1) Tweezer Top

It was a tight day today, but bulls overcame bears and the close was at the previous day's hgih level thus forming a tweezer top like formation.

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

Weekly Analysis of Stocks as on 20th August 2010

NIFTY and VIX Weekly Analysis as on 20th August 2010

Interpreting Stocks : 19th August 2010

NIFTY EOD Analysis as on 19th August 2010

Green Candle showing buying pressure. Volume was less today.

EMA3 is above EMA 13(+).
Slope of EMA 13 is up(+). EMA 13 is at 5450 level.
EMA13>EMA39.(+)


Answers for Yesterday
Today's Bearish Signals:
1) Volume was comparitively lower on upside move today.

Bulls pushed the prices up today, but volume was lower than average. Sign of weak bulls?
Also, on weekly it has touched the upper channel resistance level. Can the bulls bring in power with higher volumes and sustain the move ahead? Let's see.

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

Interpreting Stocks : 18th August 2010

NIFTY EOD Analysis as on 18th August 2010

Green Candle showing buying pressure. Volume was good.

EMA3 is above EMA13 (~).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5435 level.
EMA13>EMA39.(+)


Answers for Yesterday
Today's Bearish Signals:
1) Tweezer-top, also it is near the weekly resistance channel.

Bulls jumped in today with force and controlled the price action. Volume was good. Since last 1 month the range has been quite tight and we have again closed on a tweezer-top. Will NIFTY turn down from here?

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

Interpreting Stocks : 17th August 2010

NIFTY EOD Analysis as on 17th August 2010

Red Candle showing selling pressure. Volume was low comparatively indicating lack of supply at support level?

EMA3 is below EMA13 (-).
Slope of EMA 13 is down.(-)  EMA 13 is at 5428 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.

It was again a bearish day day, but volume was low. Is this lack of enthusiasm at support level for bears? Let's see.

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

Interpreting Stocks : 16th August 2010

NIFTY EOD Analysis as on 16th August 2010

Red Candle showing selling pressure. Volume was good.

EMA3 is below EMA13 (-).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5431 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Volume was good.

Bears had their day today. Volume was good too. Found support at 5400 congestion level.

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

Weekly Analysis of Stocks as on 13th August 2010

Weekly Analysis of NIFTY and VIX as on 13th August 2010

NIFTY

IndiaVIX

Interpreting Stocks : 13th August 2010

NIFTY EOD Analysis as on 13th August 2010

Green Candle showing buying pressure. Volume was comparitively lower today. Yesterday's Hammer candle rightly acted.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5433 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Volume was low on upmove.

Bulls came in today after yesterday's hammer candle. But, volume was less comparitively. Now, NIFTY should break 5500 level to be having a +ve bias.

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

Interpreting Stocks : 12th August 2010