Tuesday, March 23, 2010
NIFTY EOD Analysis as on 23rd March 2010
Stochastics is -ve bias, and is in overbought area.
MACD is showing flat bias.
EMA5>EMA15>EMA50. EMA5 resistance at 5214. EMA 15 support at 5150.
Answers for Yesterday
NIFTY sustained above 5150.
Questions
Can NIFTY pierce the resistance level at 5235 or will the spinning-top signal a start of a range-bound market betwenn 5150 and 5235? Let's wait and watch.
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