Thursday, June 3, 2010
NIFTY EOD Analysis as on 3rd June 2010
CMF is showing flat bias compared to yesterday(~). Sign of sideways/consolidation phase ahead?
Stochastics is showing +ve bias(+).
EMA3 is above EMA13 (+). EMA3 support at 5060(+). EMA 13 support at 5025(+).
Slope of EMA 13 is up.(+) Close was above RMA3,13,39(+)
Answers for Yesterday
Is this a sign of trend reversal? So many bullish forces we can see on daily time frame chart.Today, even the price closed above all 3 EMA's. But, there is resistance at 5150 level. so now, it is going to be sideways movement with a +ve bias for coming days.
Questions
What's going to happen next? Let's wait and watch.
Subscribe to:
Posts (Atom)