Friday, April 9, 2010
NIFTY EOD Analysis as on 9th April 2010
Stochastics is showing -ve bias and falling below 80% (-)
MACD is showing -ve bias crossover has occurred. (-)
EMA5>EMA15>EMA50. EMA5 support at 5335. EMA 15 support at 5280.
Answers for Yesterday
Bulls came into action today from the support level and pulled the prices up, showing that bullish are still in force.
Questions
Can bulls continue with their momentum inspite of -ve bias shown in Stochastic and MACD? Let's wait and watch.
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