NIFTY EOD as on 21st April 2010

 White candlestick with no lower shadow and small upper shadow. Closed above the support level of 5230.(+)
Stochastics is showing +ve bias and cuts signal line.(+)
MACD is showing -ve bias. (-)
EMA5 is below EMA15. (-) Downward bias. EMA5 resistance at 5260. EMA 15 resistance at 5270.

Answers for Yesterday
Price traded above the crucial level of 5230 with good volumes.

Questions
Can NIFTY sustain above 5230? Let's wait and watch.

World Market Analysis as on 20th April 2010

Interpreting Charts - 20th April 2010

NIFTY EOD as on 20th April 2010

 White candlestick found resistance at 5230 level.
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5 is below EMA15. (-) Downward bias. EMA5 resistance at 5260. EMA 15 resistance at 5270.
EMA5 slope is showing downward bias. (-)

Answers for Yesterday
Price traded above EMA 50 today. So, the support at EMA 50 is valid.

Questions
What is going to happen next? Let's wait and watch.

World Market Analysis as on 19th April 2010

Interpreting Charts - 19th April 2010

NIFTY EOD as on 19th April 2010

 Black big bearish candlestick with a long lower wick and no upper wick. Broke the support at 5230 level. Showing -ve bias. (-)
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5 cuts EMA15. (-) Downward bias. EMA5 resistance at 5260. EMA 15 resistance at 5275.
EMA5 and EMA15 slope is showing downward bias. (-)

Answers for Yesterday
Bears continued their ride again, and pulled the prices down. But, found support at EMA50.

Questions
Can the EMA50 act as a good support? Let's wait and watch.