Thursday, March 25, 2010
NIFTY EOD Analysis as on 25th March 2010
White Candlestick. Showing buying pressure. Closed above the resistance level of 5235.
Stochastics is -ve bias, and is in overbought area.
MACD is showing flat bias.
EMA5>EMA15>EMA50. EMA5 support at 5235. EMA 15 support at 5171.
Answers for Yesterday
NIFTY closed above 5235 level. So, bullish momentum to continue
Questions
Can NIFTY march its way forward and touch 5300 level? Let's wait and watch.
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