Interpreting Charts - 29th April 2010

NIFTY EOD as on 29th April 2010

 White candlestick, showing normal buying pressure.
Stochastics is showing -ve bias.(-)
MACD is showing -ve bias.(-)
EMA5 is below EMA15. (-). EMA5 resistance at 5262(-). EMA 15 resistance at 5270(-).
Slope of EMA 5 is down.(-)

Answers for Yesterday
Normal buying, nothing special. Today's candle couldn't surpass the mid-point of yesterday's candle, so the bears are still in control of the situation.

Questions
What is next in store? Let's wait and watch.

World Market Analysis as on 28th April 2010