Interpreting Stocks : 5th August 2010

IDEA

NIFTY EOD Analysis as on 5th August 2010

 Red Candle with almost equal volume as yesterday, showing selling pressure. Also, a tweezer top has been formed at this level.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5416 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Red Candle with tweezer top candle pattern. Needs Confirmation.

Bears came into action today matching the steps taken by bulls yesterday. Now we are heading a crucial phase which will show us who the real winner is going to be in this bull-bear battle.

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

Interpreting Stocks : 4th August 2010

NIFTY EOD Analysis as on 4th August 2010

Green candle showing buying pressure. Volume again dipped on upmove comparatively than yesterday.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5411 level.
EMA13>EMA39.(+)

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

NIFTY continued its upmove today.

Questions

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

NIFTY EOD Analysis as on 3rd August 2010

Green Candle with higher upper wick and smaller lower wick. Volume was comparatively higher than yesterday. Next resistance seems to be at 5450-5480 level.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5402 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was lower considering today's range.

NIFTY jumped up today with *okay* volumes. But, it needs to break 5450/5480 level to move up now.

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

Interpreting Stocks : 2nd August 2010

NIFTY EOD Analysis as on 2nd August 2010

Green Candle lower volumes showing that bulls came in today but comparatively less. The Close was above the resistance line.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5396 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Price moved up today, but Volume was less comparatively.

NIFTY jumped up today, but volume was comparatively lower.

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