Wednesday, May 12, 2010
NIFTY EOD Analysis as on 12th May 2010
White candlestick showing buying pressure
MACD is showing flat bias.(~)
Stochastics is showing +ve bias and moving up.(+)
EMA5 is below EMA15 (-). EMA5 support at 5145(+). EMA 15 resistance at 5184(+).
Slope of EMA 5 is up.(+)
Answers for Yesterday
There was normal buying pressure in NIFTY, but found resistance at 5150 level and closed near the resistance level.
Questions
What is going to happen next? Let's wait and watch.
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