Tuesday, August 17, 2010

NIFTY EOD Analysis as on 17th August 2010


Red Candle showing selling pressure. Volume was low comparatively indicating lack of supply at support level?

EMA3 is below EMA13 (-).
Slope of EMA 13 is down.(-)  EMA 13 is at 5428 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.

It was again a bearish day day, but volume was low. Is this lack of enthusiasm at support level for bears? Let's see.

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

Monday, August 16, 2010

Interpreting Stocks : 16th August 2010

NIFTY EOD Analysis as on 16th August 2010


Red Candle showing selling pressure. Volume was good.

EMA3 is below EMA13 (-).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5431 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Volume was good.

Bears had their day today. Volume was good too. Found support at 5400 congestion level.

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

Friday, August 13, 2010

Interpreting Stocks : 13th August 2010

NIFTY EOD Analysis as on 13th August 2010



Green Candle showing buying pressure. Volume was comparitively lower today. Yesterday's Hammer candle rightly acted.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5433 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Volume was low on upmove.

Bulls came in today after yesterday's hammer candle. But, volume was less comparitively. Now, NIFTY should break 5500 level to be having a +ve bias.

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