Intepreting Stocks - 1st June 2010

NIFTY EOD Analysis as on 1st June 2010

Today, we had a Big red candlestick with larger volumes than yesterday. The last 3 candlestick pattern looks a bit like an evening star pattern if we take into consideration the short uptrend. Today's candle found support at the trend channel.
CMF is showing -ve bias compared to yesterday(-) showing distribution.
Stochastics is showing flat bias(~).
EMA3 crosses below EMA13 (-). EMA3 resistance at 5005(-). EMA 13 resistance at 5010(-).
Slope of EMA 13 is down.(-) Close was below EMA 13(-)

Answers for Yesterday
Bears came into action and thwarted Bulls. But, there is support at the close price. So, bulls can have some hope tomorrow. But, if global cues doesn't give positive vibes, the coming days looks weak for Bullish forces.

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