Long White Candlestick like a Bullish Belthold Pattern. Stochastics is moving up and today it is at 20%.
Resistance at 4950-->5020-->5056 for tomorrow. Support at 4830-->4805-->4788-->4766.
Wednesday, February 3, 2010
NIFTY EOD Analysis for 3rd Feb 2010
Long White Candlestick like a Bullish Belthold Pattern. Stochastics is moving up and today it is at 20%.
Resistance at 4950-->5020-->5056 for tomorrow. Support at 4830-->4805-->4788-->4766.
World Markets analysis as on 2nd Feb 2010
Bullish candlestick which jumped over the trendline, but facd resistance at 10,300. Volume was higher than yesterday, so that shows buyers participating in the upward run. Stochastic crossed above 20, so another bullish sign. Tomorrow, it should break 10,300 level and test 10,400.
P-SAR turned bullish.
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