Monday, August 9, 2010
NIFTY EOD Analysis as on 9th August 2010
Green Candle showing buying pressure. Volume was *ok*.
EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+) EMA 13 is at 5429 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Nothing new, but same signals like divergence in MACD and Stochastics still holds.
The battle is at crucial point now. Bulls scored points today pushing the NIFTY upwards. But, can they continue with this momentum ahead? Let's see.
Questions
What is going to happen next? Let's wait and watch.
Subscribe to:
Posts (Atom)