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.
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