Interpreting Charts - 5th April 2010

NIFTY EOD Analysis as on 5th April 2010

Long White Candlestick with no lower shadow and a  small upper shadow. Showing buying pressure.
Stochastics is +ve bias.
MACD is showing +ve bias.
EMA5>EMA15>EMA50. EMA5 support at 5300. EMA 15 support at 5231.

Answers for Yesterday
A Long white candlestick showing buying pressure.
Questions
What's going to happen next? Let's wait and watch.

Candlestick Colours

If the closing price is higher than the opening price, the body will be displayed hollow.  If the closing price is lower than the opening price, the body will be filled red with the following exception; if the closing price is higher than the previous day’s closing price, the body will then be filled black.

Source :- TECHNICAL ANALYSIS 101