Monday, August 23, 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.

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