Interpreting Stocks : 8th July 2010

NIFTY EOD Analysis as on 8th July 2010

 Today, a big green candlestick is formed with slightly higher volume than yesterday, but overall the volume has been low.
MACD is showing that the market is weak. It turned up a bit today, let's see if it can move up again.
EMA3 is above EMA13 (~).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5261 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Bearish Signals:
1. MACD is below the signal line till now.
2. Was not able to break the resistance level at 5300, inspite of DOW hitting almost 2.5+% up yesterday.
NIFTY really needs to break the resistance at 5300 level to move up. Today also, the resistance proved barrier as NIFTY failed to move higher. Also, volume has been lower than average showing that there is not much enthusiasm till now to move up.

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

Interpreting Stocks : 7th July 2010

NIFTY EOD Analysis as on 7th July 2010

Today, a big red candlestick is formed with slightly higher volume than yesterday, but overall the volume has been low.
MACD is showing that the market is weak and probably will head lower.
All depends on global cues as of now.
EMA3 is below EMA13 (~).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5256 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Signals:
1. Price again fell back today due to selling pressure in the global market.
2. MACD has given crossdown signal and falling.
Market looks weak unless and until it breaks 5300 level with good volumes. For now, if bears have their way, immediate support is seen at 5180 level.

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

Price, Volume, Open-Interest Interpretation

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Interpreting Stocks : 6th July 2010

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.