NIFTY EOD Analysis as on 16th July 2010

 Today also the twezeer top acted as a resistance. We had a green candle today, with good volumes, showing buying pressure.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5335 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Bearish Signals:
1.Again found resistance at the tweezer-top formed.

NIFTY had a green day today and more buyers joined in. Last 3-4 days has been in a realy tight range. On the downside, it is finding support at the support level and supply reduces there. On the upside, the tweezer top is acting as resistance. We should see a break from here on either side.

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