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January 4, 2012

January 3, 2012

03/01/2012

Nifty has given a gap up open, and is strait forward above 5D Hema. Now it is above 21D ema.

December 28, 2011

Dec 28th,2011

Nifty closed below the 5day High Ema & 5D Ema. It also tested 5D Low Ema but closed above it. A close below the Low ema will drift it downwords.

December 1, 2011

Nifty at 21 Day Ema

Nifty today opened below 50 Day EMA and stayed below it throughout. It closed at 21 Day EMA 4936. If it breaks this level, then it will target next level i.e 5 Day High Ema & 5 Day EMA i.e.4902 & 4853 (at present).
Dow's falling trendline is around 12100. It should not go above this level to keep the trend intact.