NIFTY EOD as on 3rd May 2010

  Black candlestick, showing selling pressure. A Variation of Falling three/two methods? Is this a sign of bearish continuation ?
Stochastics is -ve bias.(-)
MACD is -ve bias.(-)
EMA5 is below EMA15. (-). EMA5 resistance at 5250(-). EMA 15 resistance at 5264(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
Bears broke the support level at 5230 and closed just below it. The close was just at the trendline. If this support is broken, then the bears will push the prices more downward. Also, there is support of EMA 50 line at 5200.

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

Weekly Analysis of some stocks as on 30th April 2010

NIFTY Weekly Analysis as on 30th April 2010

World Market Analysis as on 30th April 2010

Interpreting Charts - 30th April 2010

NIFTY EOD as on 30th April 2010

 White candlestick, showing normal buying pressure.
Stochastics is showing flat bias.(~)(-)
MACD is showing flat bias.(~)(-)
EMA5 is below EMA15. (-). EMA5 support at 5265(+). EMA 15 support at 5272(+).
Slope of EMA 5 is up.(+)

Answers for Yesterday
Normal buying, nothing special. Today's candle also was inside the long black candle formed day before yesterday. The Market will be rangebound until it closes above 5310.

Questions
Can bulls break the resistance at 5300 level? Let's wait and watch.

World Market Analysis as on 29th April 2010