Monday, May 17, 2010
NIFTY EOD Analysis as on 17th May 2010
CMF is rising because the close was way above the day's low showing accumulation at higher levels.(+)
Stochastics is showing -ve bias.(-)
EMA5 is below EMA15 (-). EMA5 resistance at 5108(-). EMA 15 resistance at 5160(-).
Slope of EMA 5 is down.(-)
Answers for Yesterday
Bears again was in action today, but bulls came back and pulled the prices up. So the day created a long tail. CMF is moving up.
Questions
What is going to happen next? Let's wait and watch.
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