Tuesday, June 22, 2010
NIFTY EOD Analysis as on 22nd June 2010
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing -ve bias(-) and is falling from OB area.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+) EMA 13 of at 5200 level
EMA13>EMA39.(+)
Answers for Yesterday
Bears came in today, but the intense was less as there was low volume, Also, bears couldn't break the mid-point of yesterday's candle. Also, the close was well above the 5300 level which the Bulls succeded in breaking yesterday. So, as of now the uptrend is intact. We will have to see whether bears can continue to pull down prices tomorrow.
Questions
What's going to happen next? Let's wait and watch.
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