Friday, February 5, 2010
NIFTY EOD Analysis for 5th Feb 2010
Long Black Candlestick. No signal from candle pattern today. Stochastics is moving down and today it is at 20%. Moving Average 5,15,50 is bearish.
Resistance at 4780-->4830-->4890-->4950 for tomorrow. Support at 4690-->4600-->4540
World Markets analysis as on 4th Feb 2010
Candlestick was a big red candle with no upper wick and very small lower wick. It broke the trendline too. Volume was also higher and Stochastics is showing -ve bias now. Overall outlook is bearish now.
Resistance - 10,300-->10,400
Support - 10,000-->9800
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