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.
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