Tuesday, April 6, 2010

Interpreting Charts - 6th April 2010

NIFTY EOD Analysis as on 6th April 2010

Doji Candlestick. Showing indecision.
Stochastics is +ve bias and is in overbought area
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5325. EMA 15 support at 5250.

Answers for Yesterday
Doji candlestick showing indecision in an uptrend.
 
Questions
Is this Doji a sign of top? Let's wait and watch.

World Market Analysis as on 5th April 2010