Monday, August 23, 2010
NIFTY EOD Analysis as on 23rd August 2010
Green Candle buying presure. Volume was almost same as last day's.
EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+) EMA 13 is at 5473 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Tweezer Top
It was a tight day today, but bulls overcame bears and the close was at the previous day's hgih level thus forming a tweezer top like formation.
Questions
What is going to happen next? Let's wait and watch.
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