NIFTY EOD Analysis for 8th March 2010

White Candlestick. Showing buying pressure. But, found resistance at 5150 level.
Stochastics is -ve bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5070. EMA 15 support at 4970. Wait and Watch for EMA 15-50 action tomorrow.

Weekly Charts Studied as on 5th March 2010

NIFTY Weekly Analysis as on 5th March 2010

World Markets analysis as on 5th March 2010

Interpreting Charts - 5th March 2010

NIFTY EOD Analysis for 5th March 2010

White Spinning-top like Candlestick. Showing indecisive buying pressure. Stochastics is showing flat bias, but is in overbought area. MACD is showing +ve bias. EMA5>EMA15>EMA50. EMA5 support at 5038. EMA 15 support at 4960. Bullish bias is intact as of now.

World Markets analysis as on 4th March 2010