Friday, March 26, 2010
NIFTY EOD Analysis as on 26th March 2010
Stochastics turned from -ve bias to +ve bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5250. EMA 15 support at 5180.
Answers for Yesterday
NIFTY had a high of 5293 today, so it touched the 5300 level resistance
Questions
Can NIFTY break the 5300 level and continue its bullish run inspite of the strong resistance at 5300 level? Let's wait and watch.
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