Thursday, August 19, 2010
NIFTY EOD Analysis as on 19th August 2010
Green Candle showing buying pressure. Volume was less today.
EMA3 is above EMA 13(+).
Slope of EMA 13 is up(+). EMA 13 is at 5450 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Volume was comparitively lower on upside move today.
Bulls pushed the prices up today, but volume was lower than average. Sign of weak bulls?
Also, on weekly it has touched the upper channel resistance level. Can the bulls bring in power with higher volumes and sustain the move ahead? Let's see.
Questions
What is going to happen next? Let's wait and watch.
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