Thursday, August 26, 2010
NIFTY EOD Analysis as on 26th August 2010
Green Candle showing buying pressure. Volume was higher than average.
EMA3 is above EMA13 (+).
Slope of EMA 13 is flat.(~) EMA 13 is at 5476 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Was not able to surpass yesterday's mid point.
Bulls came in with good volumes today, but still the close was below yesterday's mid-point. We need a confimration that bulls will push ahead.
Questions
What is going to happen next? Let's wait and watch.
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