Interpreting Charts - 15th April 2010

NIFTY EOD as on 15th April 2010

 Black bearish candlestick. Showing -ve bias. (-)
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5>EMA15>EMA50. EMA5 resistance at 5315. EMA 15 resistance at 5290.
EMA5 and EMA15 slope is showing downward bias. (-)
Today, it broke the trendline and the support line and closed below both the trend line and support line. (-)

Answers for Yesterday
Bears came on top after the battle at the trendline and support line and won the battle, thus pulling the prices down.

Questions
Can bears continue their ride? Let's wait and watch.

World Market Analysis as on 14th April 2010

World Market Analysis as on 13th April 2010

Interpreting Charts - 13th April 2010

NIFTY EOD Analysis as on 13th April 2010

 Spinning-Top black candlestick. Showing indecision. (~) Lower High and Lower Low compared to previous candle showing that bears are in strength at the moment.
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5>EMA15>EMA50. EMA5 resistance at 5337. EMA 15 support at 5290.
Today, it touched the trendline, drawn from the day when this bullish reversal started.

Answers for Yesterday
Bears and Bulls came into action and both tried to push prices to their side, but in the end, bears won todays match.

Questions
Can bears pull down the price more and break the trendline and the support price line at 5310? MACD and Stochastic are showing -ve bias. Can bears win? Let's wait and watch.

World Market Analysis as on 12th April 2010