"If you are hunting elephants you should not turn off the trail for a rabbit." - Anonymous
Wednesday, June 30, 2010
NIFTY EOD Analysis as on 30th June 2010
CMF is showing +ve bias compared to yesterday(+).
ADX is flat showing that still it is not clear who is having a upper hand- the bulls or bears?
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+) EMA 13 of at 5260 level
EMA13>EMA39.(+)
Answers for Yesterday
Bulls charged in and closed above the mid point of yesterday's candle. Is this an indication that bulls will push the NIFTY higher in day's to come?
If we go buy candlestick pattern, we should see some upmove. Also, today's volume is also supporting it.
So, we should see some +ve bias now.
Questions
What's going to happen next? Let's wait and watch.
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