Interpreting Charts - 19th April 2010

NIFTY EOD as on 19th April 2010

 Black big bearish candlestick with a long lower wick and no upper wick. Broke the support at 5230 level. Showing -ve bias. (-)
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5 cuts EMA15. (-) Downward bias. EMA5 resistance at 5260. EMA 15 resistance at 5275.
EMA5 and EMA15 slope is showing downward bias. (-)

Answers for Yesterday
Bears continued their ride again, and pulled the prices down. But, found support at EMA50.

Questions
Can the EMA50 act as a good support? Let's wait and watch.