NIFTY EOD Analysis as on 6th July 2010

 Today, a big green candlestick is formed, which found resistance at 5300 level. Volume was low today. For upmove, NIFTY has to break this resistance level with good volume.
MACD is showing that the market is weak and probably will head lower from here unless and until it breaks the resistance level with good voumes.
EMA3 is above EMA13 (~).
Slope of EMA 13 is flat.(~)  EMA 13 of at 5258 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Signals:
1. Price did not cross the resistance level.
2. MACD has given crossdown signal and falling.
3. Volume has been low on upmove.
Market looks weak unless and until it breaks 5300 level with good volumes.

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

Interpreting Stocks : 5th July 2010

NIFTY EOD Analysis as on 5th July 2010

 Today, a Doji candle has been formed. The open and close was almost at the same level. Volume was low today. Indecision prevailing in the market.
CMF is showing -ve bias compared to yesterday(-).
EMA3 is below EMA13 (-). Crossdown today.
Slope of EMA 13 is down.(-)  EMA 13 of at 5253 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Signals:
1. Price making lower high.
2. Close was below EMA 13 today.
3. MACD has given crossdown signal and falling.
4. Doji candle formed showing indecision.
In my opinion, according to the charts and taking into account the global scenario, we should see -ve bias till NIFTY touches 5180 level.
After that, let's see what's in store ahead.

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

Weekly Analysis of Stocks as on 2nd July 2010

NIFTY and VIX Weekly Analysis as on 2nd July 2010

Interpreting Stocks - 2nd July 2010

NIFTY EOD Analysis as on 2nd July 2010

Red Candle showing selling pressure. The Price closed below
EMA 13.(-)Volume was low today compared to yesterday.
CMF is showing -ve bias compared to yesterday(-).
EMA3 is above above EMA13 (+).
Slope of EMA 13 is flat.(~)  EMA 13 of at 5256 level
EMA13>EMA39.(+)

Answers for Yesterday
Bears had their day today. As each day passes by more bearish sentiments are showing up. As of today the following are the indications of a sell-off in the coming days:
1. Price making lower high.
2. Close was below EMA 13 today.
3. MACD has given crossdown signal.
In my opinion, we should see -ve bias till NIFTY touches 5180 level.
After that, let's see what's in store ahead.

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