Thursday, August 19, 2010
NIFTY EOD Analysis as on 19th August 2010
Green Candle showing buying pressure. Volume was less today.
EMA3 is above EMA 13(+).
Slope of EMA 13 is up(+). EMA 13 is at 5450 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Volume was comparitively lower on upside move today.
Bulls pushed the prices up today, but volume was lower than average. Sign of weak bulls?
Also, on weekly it has touched the upper channel resistance level. Can the bulls bring in power with higher volumes and sustain the move ahead? Let's see.
Questions
What is going to happen next? Let's wait and watch.
Wednesday, August 18, 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.
Tuesday, August 17, 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.
Monday, August 16, 2010
Subscribe to:
Posts (Atom)