NIFTY EOD Analysis as on 26th May 2010

Green candlestick with no lower shadow and a small upper shadow. The close was above the mid-point of yesterday's candle. Also, the trend channel acted as a good support from where the prices bounced back. Volume was higher than yesterday, showing that more people are eager to see the prices UP than lower levels.
CMF is showing +ve bias compared to yesterday(+) showing accumulation.
Stochastics is showing +ve bias(+) and just waiting to crossover.
EMA5 is below EMA15 (-). EMA5 support at 4897(+). EMA 15 resistance at 4992(-).
Slope of EMA 5 is up.(+)

Answers for Yesterday
Bulls came back with strong force today. the Breakdown yesterday was just a trap as of now. We have to wait for few more days of action so see if it was really a false breakdown.

Questions
Can Bulls continue their ride ahead? Let's wait and watch.