Monday, August 2, 2010

Interpreting Stocks : 2nd August 2010

NIFTY EOD Analysis as on 2nd August 2010

Green Candle lower volumes showing that bulls came in today but comparatively less. The Close was above the resistance line.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5396 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Price moved up today, but Volume was less comparatively.

NIFTY jumped up today, but volume was comparatively lower.

Questions
What is going to happen next? Let's wait and watch.

Correlation between NIFTY and VIX index for various durations