NIFTY EOD Analysis as on 26th May 2010

Green candlestick with no lower shadow and a small upper shadow. The close was above the mid-point of yesterday's candle. Also, the trend channel acted as a good support from where the prices bounced back. Volume was higher than yesterday, showing that more people are eager to see the prices UP than lower levels.
CMF is showing +ve bias compared to yesterday(+) showing accumulation.
Stochastics is showing +ve bias(+) and just waiting to crossover.
EMA5 is below EMA15 (-). EMA5 support at 4897(+). EMA 15 resistance at 4992(-).
Slope of EMA 5 is up.(+)

Answers for Yesterday
Bulls came back with strong force today. the Breakdown yesterday was just a trap as of now. We have to wait for few more days of action so see if it was really a false breakdown.

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

World Market Analysis as on 25th May 2010

Interpreting Stocks - 25th May 2010

NIFTY EOD Analysis as on 25th May 2010

 Big Red candlestick showing selling pressure. Volume was comparitively lower than yesterday. The close just broke the trend channel and the trend line.
CMF is showing -ve bias compared to yesterday(-) showing distribution.
Stochastics is showing -ve bias.(-)
EMA5 is below EMA15 (-). EMA5 resistance at 4880(-). EMA 15 resistance at 5010(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
It was all bears day today, dominated from start to end and in turn broke the trend channel and trend line.

Questions
Is this breakdown of NIFTY from trend channel and the trend line an indication of more bearish attack? Let's wait and watch.

World Market Analysis as on 24th May 2010

Interpreting Stocks - 24th May 2010

NIFTY EOD Analysis as on 24th May 2010

A Small bodied candlestick with long upper shadow and small lower shadow, showing bulls tried to push the prices up, but faced stiff competition from bears.  Hammer formed on friday needs more confirmation to act as a reversal. Volume was comparitively low.
CMF is showing -ve bias compared to yesterday(-) showing distribution.
Stochastics is showing +ve bias and waiting to breakout.(+)
EMA5 is below EMA15 (-). EMA5 resistance at 4950(-). EMA 15 resistance at 5040(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
The course of action will depend on Global cues. It was an indecisive day today and NIFTY looks more in favour of Bears at the moment. Though, it made a higher high and higher low, the read body was small, showing bearish pressure.

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