Wednesday, May 19, 2010
NIFTY EOD Analysis as on 19th May 2010
CMF is falling.(-)
Stochastics is showing -ve bias.(-)
EMA5 is below EMA15 (-). EMA5 resistance at 5030(-). EMA 15 resistance at 5115(-).
Slope of EMA 5 is down.(-)
Answers for Yesterday
Today, the field was all bears. A big red candlestick with huge volumes. The price is moving in the trend channel which has been drawn indicated by Grey parallel lines. So, in near future, it will be sideways to downward movement. To any upmove, NIFTY has to close above 5150.
Questions
What is going to happen next? Let's wait and watch.
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