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Wednesday, March 14, 2012

EOD Analysis CNX Nifty - 14 March 2012 - At the Wall..

Nifty - End of Day - 14 March  2012 
We concluded our study last weekend (see last two sections of study here) with the note that Bulls would smile above 5343 for Monday - with the Index closing at 5360, bulls were happy to do so. They continued to do this, all the way to the wall (5484) which has stopped the Bulls (EOD today - 5464) ahead of crucial Fundamental inputs (union Budget). The 5 EMA is above the 13 SMA too.

Meanwhile in our Ichimoku Study (here) as we wished in point 'F', the candle has indeed moved into the Kumo...we shall visit it, this weekend.