Wednesday, April 28, 2010
NIFTY EOD as on 28th April 2010
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias.(-)
EMA5 is below EMA15. (-). EMA5 resistance at 5269(-). EMA 15 resistance at 5274(-).
Slope of EMA 5 is down.(-)
Answers for Yesterday
Huge selling in NIFTY, bears were in control from the start as is shown by the candlestick which has no upper shadow and a small lower shadow.
Questions
What is next in store? Let's wait and watch.
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