World Market Analysis as on 13th April 2010

Interpreting Charts - 13th April 2010

NIFTY EOD Analysis as on 13th April 2010

 Spinning-Top black candlestick. Showing indecision. (~) Lower High and Lower Low compared to previous candle showing that bears are in strength at the moment.
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5>EMA15>EMA50. EMA5 resistance at 5337. EMA 15 support at 5290.
Today, it touched the trendline, drawn from the day when this bullish reversal started.

Answers for Yesterday
Bears and Bulls came into action and both tried to push prices to their side, but in the end, bears won todays match.

Questions
Can bears pull down the price more and break the trendline and the support price line at 5310? MACD and Stochastic are showing -ve bias. Can bears win? Let's wait and watch.

World Market Analysis as on 12th April 2010

Interpreting Charts - 12th April 2010

NIFTY EOD Analysis as on 12th April 2010

Spinning-Top black candlestick. Showing indecision. (~)
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias crossover has occurred. (-)
EMA5>EMA15>EMA50. EMA5 support at 5337. EMA 15 support at 5290.

Answers for Yesterday
Bears and Bulls came into action and both tried to push prices to their side, but in the end, bears won today's match. But there is indecision as to which side the whole round of match will go because of the wick length. Also, there is higher high and higher low.

Questions
Can bears pull down the price with support from indicators as -ve bias is shown in Stochastic and MACD? Let's wait and watch.

Weekly Analysis of some stocks as on 9th April 2010