NIFTY EOD Analysis as on 3rd August 2010

Green Candle with higher upper wick and smaller lower wick. Volume was comparatively higher than yesterday. Next resistance seems to be at 5450-5480 level.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5402 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Close was lower considering today's range.

NIFTY jumped up today with *okay* volumes. But, it needs to break 5450/5480 level to move up now.

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