World Market Analysis as on 22nd March 2010

Interpreting Charts - 22nd March 2010

NIFTY EOD Analysis as on 22nd March 2010

Black Candlestick. Showing selling pressure. Broke the support level at 5235.
Stochastics is -ve bias, and is in overbought area.
MACD is showing flat bias.
EMA5>EMA15>EMA50. EMA5 resistance at 5214. EMA 15 support at 5135.

Answers for Yesterday
NIFTY couldn't stay above 5235 today and closed below that level.
Questions
Can NIFTY sustain above 5150 support level? Let's wait and watch.

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.