Interpreting Charts - 21st April 2010

NIFTY EOD as on 21st April 2010

 White candlestick with no lower shadow and small upper shadow. Closed above the support level of 5230.(+)
Stochastics is showing +ve bias and cuts signal line.(+)
MACD is showing -ve bias. (-)
EMA5 is below EMA15. (-) Downward bias. EMA5 resistance at 5260. EMA 15 resistance at 5270.

Answers for Yesterday
Price traded above the crucial level of 5230 with good volumes.

Questions
Can NIFTY sustain above 5230? Let's wait and watch.

World Market Analysis as on 20th April 2010