Thursday, April 15, 2010
NIFTY EOD as on 15th April 2010
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5>EMA15>EMA50. EMA5 resistance at 5315. EMA 15 resistance at 5290.
EMA5 and EMA15 slope is showing downward bias. (-)
Today, it broke the trendline and the support line and closed below both the trend line and support line. (-)
Answers for Yesterday
Bears came on top after the battle at the trendline and support line and won the battle, thus pulling the prices down.
Questions
Can bears continue their ride? Let's wait and watch.
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