Weekly Analysis of Stocks as on 21st May 2010

NIFTY Weekly Analysis as on 21st May 2010

Interpreting Stocks - 21st May 2010

NIFTY EOD Analysis as on 21st May 2010

A Hammer which found support at the downtrend channel. Is this a sign of reversal? Let's wait for confirmation.
CMF is showing +ve bias compared to yesterday.(+)
Stochastics is showing +ve bias compared to yesterday.(+)
EMA5 is below EMA15 (-). EMA5 resistance at 4950(-). EMA 15 resistance at 5055(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
A Hammer was formed today, which found support at the downtrend channel, showing that, bears ran out of steam after touching the support line and then it was bulls pullback from the support line. In my opinion, if bears continue to power, then next support will be at 4815 level. But, after a hammer today, and seeing the CMF and Stochastic bias, NIFTY should move up from here.

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

Interpreting Stocks - 20th May 2010

NIFTY EOD Analysis as on 20th May 2010

Green Candlestick with no lower shadow and normal upper shadow.
CMF is falling.(-)
Stochastics is showing -ve bias.(-)
EMA5 is below EMA15 (-). EMA5 resistance at 4981(-). EMA 15 resistance at 5082(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
Bulls tried to push up the prices, but in the end bears came in and the close was almost near the mid-point of the day's range. Bulls couldn't sustain the day's high.

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

World Market Analysis as on 20th May 2010