Interpreting Stocks : 18th August 2010

NIFTY EOD Analysis as on 18th August 2010

Green Candle showing buying pressure. Volume was good.

EMA3 is above EMA13 (~).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5435 level.
EMA13>EMA39.(+)


Answers for Yesterday
Today's Bearish Signals:
1) Tweezer-top, also it is near the weekly resistance channel.

Bulls jumped in today with force and controlled the price action. Volume was good. Since last 1 month the range has been quite tight and we have again closed on a tweezer-top. Will NIFTY turn down from here?

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

Interpreting Stocks : 17th August 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.

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.

Weekly Analysis of Stocks as on 13th August 2010