Interpreting Stocks - 15th June 2010

NIFTY EOD Analysis as on 15th June 2010

 Green candlestick which closed near day's high showing buying pressure. Also, the volume was large today.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing +ve bias(+) and is in OB zone.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)
*EMA13-39 on the verge of crossover at the resistance level of 5230/5240.

Answers for Yesterday
More Bulls are coming in at the crucial level of 5230/5240. Volume also increased today. EMA-13-39 on the verge of crossover. The are kissing each other today. Tomorrow will be the action day.

Questions
Can Bulls power their way above 5230/5240? Let's wait and watch.