Interpreting Stocks - 8th June 2010

NIFTY EOD Analysis as on 8th June 2010

 Red candlestick with higher volumes than yesterday showing selling pressure.
CMF is showing -ve bias compared to yesterday(-).
Stochastics is showing +ve bias(-) and now it is in OS area.
*EMA3 is below EMA13 (+). EMA3 resistance at 5035(-). EMA 13 resistance at 5035(-).
Slope of EMA 13 is flat.(~)

Answers for Yesterday
Bears again had their day today with higher number of bears joning in. NIFTY made lower low and lower high today showing -ve bias. There is a support at 4950 level on weekly levels. So, let's see if the support is going to hold tomorrow.

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