Thursday, April 1, 2010

NIFTY EOD Analysis as on 1st April 2010

White Candlestick with no lower shadow and a  small upper shadow. Showing buying pressure.
Stochastics is showing flat bias.
MACD is showing -ve bias and on the verge of cutting the signal line.
EMA5>EMA15>EMA50. EMA5 support at 5274. EMA 15 support at 5222.

Answers for Yesterday
Support was not broken, and today we saw a big white candlestick.
Questions
What's going to happen next? Let's wait and watch.