Interpreting Charts - 31st March 2010

NIFTY EOD Analysis as on 31st March 2010

 Black Candlestick with a long upper shadow and small lower shadow. Showing selling pressure, after touching the resistance level again. Found support at 5230 level.
Stochastics is showing -ve bias.
MACD is showing -ve bias and on the verge of cutting the signal line.
EMA5>EMA15>EMA50. EMA5 resistance at 5265. EMA 15 support at 5207.

Answers for Yesterday
NIFTY oscillated between the resistance and support level today and in  the end, bears had the upper hand as they were able to pull down price.
Questions
Will the support level be broken? Let's wait and watch.

World Market Analysis as on 30th March 2010