NIFTY EOD Analysis as on 4th June 2010

 Green candlestick with lower volumes than yesterday showing buying pressure, but with decreased enthusiasm among bulls.
CMF is showing +ve bias compared to yesterday(+). Sign of sideways/consolidation phase ahead?
Stochastics is showing +ve bias(+) and now it is in OB area.
EMA3 is above EMA13 (+). EMA3 support at 5090(+). EMA 13 support at 5040(+).
Slope of EMA 13 is up.(+) Close was above RMA3,13,39(+)

Answers for Yesterday
So, topday the bulls faced resistance at 5150 level. Though the EMA, CMF and Stochastic are all favouring +ve bias, but there is reduce enthusiasm amongst bulls as is shown by low volumes at this level. So, 5150 is going to be a tough level to crack. Anyways, IMO, it is either going to be more sideways movement or the bulls are going to march ahead.

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