Thursday, March 15, 2012

EOD Analysis CNX Nifty - 15 March 2012 - The Wall stands firm....

Nifty - End of Day - 15 March  2012  
The Wall did what Walls do best...STOP....after stopping at the wall yesterday, the Nifty dived 100 points today. This was in line with our weekend surmise (see end of post here) - the trader got her/his moves, with the volatility and the price movements, which were in the zone marked last weekend. 

Bulls have the long term 34 EMA over 200 DMA  cross and the short term 5 EMA over 13 SMA cross which are intact, going for them. Bulls have also closed today, just in the neutral zone (not red). Notice the Volume and MACD action. Have fun tommorow..