Interpreting Charts - 16th April 2010

NIFTY EOD as on 16th April 2010

 Black bearish candlestick with a long lower wick and short upper wick. Found support at 5230 level, but later on bounced back and closed near the open. Showing -ve bias. (-)
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5>EMA15>EMA50. EMA5 resistance at 5297. EMA 15 resistance at 5290.
EMA5 and EMA15 slope is showing downward bias. (-) EMA5 is on the verge of downward crossover with EMA15.

Answers for Yesterday
Bears continued their ride again, but as seen in the candlestick, bulls pulled back from the days low. But, bearish sentiment is still there in the market as is seen by falling Stochastic, MACD and possible crossover of EMA5-15.

Questions
What's in store for Monday? Let's wait and watch.