Interpreting Charts - 5th March 2010

NIFTY EOD Analysis for 5th March 2010

White Spinning-top like Candlestick. Showing indecisive buying pressure. Stochastics is showing flat bias, but is in overbought area. MACD is showing +ve bias. EMA5>EMA15>EMA50. EMA5 support at 5038. EMA 15 support at 4960. Bullish bias is intact as of now.

World Markets analysis as on 4th March 2010

NIFTY EOD Analysis for 4th March 2010

Black Candlestick. Showing selling pressure. Bears tried to pull down, but bulls pulled it back and NIFTY closed well above the days low. Stochastics is showing +ve bias, but is in overbought area. MACD is showing +ve bias. EMA5>EMA15>EMA50. EMA5 support at 5012. EMA 15 support at 4935. Bullish bias is intact as of now.

Interpreting Charts - 4th March 2010

World Markets analysis as on 3rd March 2010

NIFTY EOD Analysis for 3rd March 2010

White Candlestick. Showing buying pressure. Stochastics is showing +ve bias. %K is above %D line and is in overbought area. MACD is showing +ve bias. EMA5>EMA15>EMA50. Bullish Crossover of EMA5. EMA 15 support at 4910. EMA5 support at 4980. Price has moved above the EMA's showing bullish bias.