Monday, August 16, 2010
NIFTY EOD Analysis as on 16th August 2010
Red Candle showing selling pressure. Volume was good.
EMA3 is below EMA13 (-).
Slope of EMA 13 is flat.(~) EMA 13 is at 5431 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Volume was good.
Bears had their day today. Volume was good too. Found support at 5400 congestion level.
Questions
What is going to happen next? Let's wait and watch.
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