Interpreting Stocks - 16th June 2010

NIFTY EOD Analysis as on 16th June 2010

 Green spinning-top candlestick with good volumes showing buying pressure, but a bit of indecision at the resistance level of 5230/5240.
CMF is showing -ve bias compared to yesterday(~).
Stochastics is showing flat bias(~) and is in OB zone.
EMA3 is above above EMA13 (+).  EMA3,13 crossover today
Slope of EMA 13 is up.(+)
EMA13>EMA39.(+)

Answers for Yesterday
We had EMA13-39 crossover today with good volumes, but it was an indecisive day. Anyways, for now the trend bias remains up.

Questions
Can Bulls power their way above 5230/5240? Let's wait and watch.

Quote of the Day - 16th June 2010

Discipline

"The ability to discipline yourself to delay gratification in the short term in order to enjoy greater rewards in the long term is the indispensable prerequisite for success." - Brian Tracy

Interpreting Stocks - 15th June 2010

NIFTY EOD Analysis as on 15th June 2010

 Green candlestick which closed near day's high showing buying pressure. Also, the volume was large today.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing +ve bias(+) and is in OB zone.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)
*EMA13-39 on the verge of crossover at the resistance level of 5230/5240.

Answers for Yesterday
More Bulls are coming in at the crucial level of 5230/5240. Volume also increased today. EMA-13-39 on the verge of crossover. The are kissing each other today. Tomorrow will be the action day.

Questions
Can Bulls power their way above 5230/5240? Let's wait and watch.

Interpreting Stocks - 14th June 2010

NIFTY EOD Analysis as on 14th June 2010

  Green candlestick with higher volume than yesterday showing buying pressure.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing +ve bias(+) and is in OB zone.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)

Answers for Yesterday
Today it was BULLS day, as a bullish green candle was formed whose close was near day's high. Also, it made higher high and high low. It also broke the resistance level of 5150 and marched ahead.
Now, we have reached the most important level, in my opinion. NIFTY need to break the 5230-5240 level of resistance to show that it is really a bullish bias in the short term scenario. Firstly, the horizontal support line will have to be broken, also there is a crossover waiting of EMA 13,39. If both these are accomplished then we are going UP in the bullish zone.

Questions
Can Bulls power their way above 5230/5240? Let's wait and watch.