Interpreting Charts - 17th March 2010

NIFTY EOD Analysis as on 17th March 2010

White Spinning-top Candlestick. Showing buying pressure. But, after touching the resistance level,couldn't sustain the days high. Indecision sets in after touching the resistance level and thus a spinning-top candle is formed.
Stochastics is showing flat bias, and is in overbought area.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5175. EMA 15 support at 5089. Now 5160 is the new support level.

Answers for Yesterday
NIFTY continued its buying force and now is facing a resistance at 5235 level.
Questions
Can NIFTY break 5235? Let's wait and watch.