Interpreting Charts - 20th April 2010

NIFTY EOD as on 20th April 2010

 White candlestick found resistance at 5230 level.
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias. (-)
EMA5 is below EMA15. (-) Downward bias. EMA5 resistance at 5260. EMA 15 resistance at 5270.
EMA5 slope is showing downward bias. (-)

Answers for Yesterday
Price traded above EMA 50 today. So, the support at EMA 50 is valid.

Questions
What is going to happen next? Let's wait and watch.

World Market Analysis as on 19th April 2010