NIFTY EOD Analysis as on 7th May 2010

  Black candlestick with lower low than yesterday's low.  NIFTY has been making lower low and lower high, showing that bears are still in force.
MACD is showing -ve bias.(-)
Stochastics %D and %K are kissing each other in the oversold area and showing flat bias.(~)
EMA5 is below EMA15 (-). EMA5 resistance at 5112(-). EMA 15 resistance at 5195(-).
Slope of EMA 5 is down(-).

Answers for YesterdayAnother day for bears.

Questions
What is going to happen next? Let's wait and watch.