Interpreting Charts - 19th March 2010

Weekly Analysis of some stocks as on 21st March 2010

NIFTY Weekly Analysis as on 21st March 2010

NIFTY EOD Analysis as on 19th March 2010

White Spinning-top Candlestick. Showing buying pressure. It crossed the resistance level and closed above the new support level.
Stochastics is showing flat bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5219. EMA 15 support at 5119. Now 5235 is the new support level.

Answers for Yesterday
NIFTY broke 5235 today
Questions
Can NIFTY sustain above 5235? Let's wait and watch.

World Market Analysis as on 17th March 2010

Interpreting Charts - 17th March 2010

NIFTY EOD Analysis as on 17th March 2010

White Spinning-top Candlestick. Showing buying pressure. But, after touching the resistance level,couldn't sustain the days high. Indecision sets in after touching the resistance level and thus a spinning-top candle is formed.
Stochastics is showing flat bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5175. EMA 15 support at 5089. Now 5160 is the new support level.

Answers for Yesterday
NIFTY continued its buying force and now is facing a resistance at 5235 level.
Questions
Can NIFTY break 5235? Let's wait and watch.