NIFTY EOD Analysis as on 16th March 2010

White Candlestick. Showing buying pressure. Last 2 days spinning-top indecisive candlesticks was broken by Bulls today and it closed above the resistance level of 5160.
Stochastics is showing flat bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5120. EMA 15 support at 5070. Now 5160 is the new support level.
Questions
Can NIFTY sustain to be above 5160 level tomorrow? If it confirms, then NIFTY may touch 5300. Let's wait and watch.