NIFTY EOD Analysis as on 19th July 2010

 Red Candle in a rangebound market, with average volumes showing normal selling pressure.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5343 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Bearish Signals:
1) MACD and Price -ve divergence.

NIFTY is moving in a rangebound market since the past few days. The 5400 level resistance is acting as a barrier to move up.

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