Monday, April 12, 2010
NIFTY EOD Analysis as on 12th April 2010
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias crossover has occurred. (-)
EMA5>EMA15>EMA50. EMA5 support at 5337. EMA 15 support at 5290.
Answers for Yesterday
Bears and Bulls came into action and both tried to push prices to their side, but in the end, bears won today's match. But there is indecision as to which side the whole round of match will go because of the wick length. Also, there is higher high and higher low.
Questions
Can bears pull down the price with support from indicators as -ve bias is shown in Stochastic and MACD? Let's wait and watch.
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