Tuesday, May 11, 2010
NIFTY EOD Analysis as on 11th May 2010
Black candlestick showing selling pressure
MACD is showing flat bias.(~)(-)
Stochastics is showing +ve bias and moving up.(+)
EMA5 is below EMA15 (-). EMA5 support at 5140(~). EMA 15 resistance at 5190(-).
Slope of EMA 5 is flat.(~)(-)
Answers for Yesterday
Bears again came into action today. NIFTY is mostly being driven on Global cues nowadays.
Questions
What is going to happen next? Let's wait and watch.
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