NIFY EOD Analysis as on 16th November 2010

Today NIFTY formed a bearish engulfing in a downtrend. Also broke the pivot level trendline today and closed below it.
Now, the uprend which started from sepember is in question.

Will this lead to correction?


Questions
What is going to happen next?

Let's wait and watch!

NIFY EOD Analysis as on 15th November 2010

NIFTY 15112010

 It was a green candle day today. NIFTY made a bounce back from the uptrend line today. If it sustains, then we may move upward in coming days. We will have to wait for tomorrow's closing to decipher the next move.





Questions
What is going to happen next?

Let's wait and watch!

NIFTY EOD Analysis as on 30th August 2010

Small bodied green candlesick with low volumes showing indecision.

EMA3 is below EMA13(-).
Slope of EMA13 is down(-).
EMA 13 is at 5459 level.
EMA13 > EMA39(+).

Today's Bearish Signals:
1) Close was below EMA13.

Answers for Yesterday
It was a tug of war today, which ended in indecision at the end. Volume was also low. Anyways, it looks like Bulls have caught a grip at this level, but needs confirmation.

Questions
What is going to happen next?

Let's wait and watch!

NIFTY EOD Analysis as on 27th August 2010

Big Red Candlestick resembling a Bearish Engulfing patern. Volume was below average.

EMA3 is below EMA13(-).
Slope of EMA13 is down(-).
EMA 13 is at 5466 level.
EMA13 > EMA39(+).

Today's Bearish Signals:
1) Close was below EMA13.
2) Bearish Engulfing Candlestick (though volume was below average and also, it has been formed in a downtrend, so not much significance.)

Answers for Yesterday
Bears jumped in today, but the participation among bears was less as can be seen from Volume. NIFTY has closed at a crucial level because the close was at support area and also at EMA39 level.
Volume dried up at this level. Are we going to see upmove from here?

Questions
What is going to happen next?

Let's wait and watch!

Interpreting Stocks : 26th August 2010

NIFTY EOD Analysis as on 26th August 2010

Green Candle showing buying pressure. Volume was higher than average.

EMA3 is above EMA13 (+).
Slope of EMA 13 is flat.(~)  EMA 13 is at 5476 level.
EMA13>EMA39.(+)





Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Was not able to surpass yesterday's mid point.

Bulls came in with good volumes today, but still the close was below yesterday's mid-point. We need a confimration that bulls will push ahead.

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

Interpreting Stocks : 25th August 2010