Monday, May 10, 2010

Interpreting Stocks - 10th May 2010

NIFTY EOD Analysis as on 10th May 2010

Big White candlestick showing buying pressure. A Bullish shaven-bottom pattern today.
MACD is showing +ve bias.(+)
Stochastics is showing +ve bias and moving up.(+)
EMA5 is below EMA15 (-). EMA5 support at 5140(+). EMA 15 resistance at 5195(~).
Slope of EMA 5 is up(+).

Answers for Yesterday
Bulls fought back and pushed the prices above.

Questions
What is going to happen next? Let's wait and watch.