Interpreting Charts - 27th April 2010

NIFTY EOD as on 27th April 2010

 Black candlestick, showing selling pressure. Closed the level of 5300.
Stochastics is showing +ve bias.(+)
MACD is showing flat bias.(~)
EMA5 is above EMA15. (+). EMA5 support at 5288(+). EMA 15 support at 5278(+).
Slope of EMA 5 is up.(+)

Answers for Yesterday
NIFTY couldn't continue its bullish ride, but still it closed aboev the support level of 5300.

Questions
What is next in store? Let's wait and watch.

S&P Composite Average 1 month change from 1928-2009

 This Image clearly shows the Stock market does not follow a random movement and that is it the human emotions which plays the most important part in stock market.

World Market Analysis as on 26th April 2010

Interpreting Charts - 26th April 2010

NIFTY EOD as on 26th April 2010

 White candlestick, showing buying pressure. Closed the level of 5300.
Stochastics is showing +ve bias.(+)
MACD is showing flat bias.(~)
EMA5 is above EMA15. (+). EMA5 support at 5288(+). EMA 15 support at 5278(+).
Slope of EMA 5 is up.(+)

Answers for Yesterday
NIFTY broke the level of 5300 and closed above it. Made higher high and higher low in the process, showing bullish momentum.

Questions
Can NIFTY continue its bullish ride? Let's wait and watch.

World Market Analysis as on 23rd April 2010