NIFTY EOD Analysis as on 18th June 2010

Red Spinning-Top candle showing indecision at the resistance level of 5300. Volume was almost same as yesterday.
CMF is showing flat bias compared to yesterday(~) and has almost reached the average level.
Stochastics is showing -ve bias(-) and is falling from OB area.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 of at 5150 level
EMA13>EMA39.(+)

Answers for Yesterday
There was confusion today during the bout. Bulls trued to push up the level, but ran out of steam at the resistance level. Bears tried to pull it down, and by the end the close was almost at the mid-point level. Based on today's action, we can say that Bears have a slight advantage over Bulls now as Bulls are facing resistance at 5300 level.

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

Interpreting Stocks - 17th June 2010

NIFTY EOD Analysis as on 17th June 2010

Green candle showing buying pressure. Volume was lower than yesterday. But today, Bulls marched ahead the resistance level of 5230/5240 and closed above it.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing flat bias(~) and is in OB zone kissing the signal line.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)
EMA13>EMA39.(+)

Answers for Yesterday
Today, Bulls broke the resistance level at 5230/5240 and closed above it showing that bulls are more powerful than the bears at the moment. Going above NIFTY has some resistances, the next one being at 5300 level and 5400 level.
If we look back in this rally, we can see that the bullish run has extended to 7 continuous days and NOW since the last 3 days volumes have been declining. So, i expect a sideways movement or the rally to subdue a bit.

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

Quote of the Day - 17th June 2010

"Our heads are round so that thoughts can change direction." 
        -Francis Picabia

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