Interpreting Stocks - 9th June 2010

NIFTY EOD Analysis as on 9th June 2010

 Green candlestick with a long upper shadow and small lower shadow with almost same volumes as yesterday buying selling pressure.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing -ve bias(-).
EMA3 is below EMA13 (-). EMA3 resistance at 5011(-). EMA 13 resistance at 5029(-).
Slope of EMA 13 is down.(-)

Answers for Yesterday
Bulls came in, but by the end, bears forced the prices to close near day's low/open. The market is moving in a rangebound way - Stochs is -ve. Unless Global Cues turn +ve we are going to see this sideways movement in days to come.

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