Tuesday, August 17, 2010
NIFTY EOD Analysis as on 17th August 2010
Red Candle showing selling pressure. Volume was low comparatively indicating lack of supply at support level?
EMA3 is below EMA13 (-).
Slope of EMA 13 is down.(-) EMA 13 is at 5428 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
It was again a bearish day day, but volume was low. Is this lack of enthusiasm at support level for bears? Let's see.
Questions
What is going to happen next? Let's wait and watch.
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