Interpreting Charts - 27th April 2010

NIFTY EOD as on 27th April 2010

 Black candlestick, showing selling pressure. Closed the level of 5300.
Stochastics is showing +ve bias.(+)
MACD is showing flat bias.(~)
EMA5 is above EMA15. (+). EMA5 support at 5288(+). EMA 15 support at 5278(+).
Slope of EMA 5 is up.(+)

Answers for Yesterday
NIFTY couldn't continue its bullish ride, but still it closed aboev the support level of 5300.

Questions
What is next in store? Let's wait and watch.

S&P Composite Average 1 month change from 1928-2009

 This Image clearly shows the Stock market does not follow a random movement and that is it the human emotions which plays the most important part in stock market.

World Market Analysis as on 26th April 2010