NIFTY EOD Analysis as on 25th May 2010

 Big Red candlestick showing selling pressure. Volume was comparitively lower than yesterday. The close just broke the trend channel and the trend line.
CMF is showing -ve bias compared to yesterday(-) showing distribution.
Stochastics is showing -ve bias.(-)
EMA5 is below EMA15 (-). EMA5 resistance at 4880(-). EMA 15 resistance at 5010(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
It was all bears day today, dominated from start to end and in turn broke the trend channel and trend line.

Questions
Is this breakdown of NIFTY from trend channel and the trend line an indication of more bearish attack? Let's wait and watch.