Interpreting Stocks - 16th June 2010

NIFTY EOD Analysis as on 16th June 2010

 Green spinning-top candlestick with good volumes showing buying pressure, but a bit of indecision at the resistance level of 5230/5240.
CMF is showing -ve bias compared to yesterday(~).
Stochastics is showing flat bias(~) and is in OB zone.
EMA3 is above above EMA13 (+).  EMA3,13 crossover today
Slope of EMA 13 is up.(+)
EMA13>EMA39.(+)

Answers for Yesterday
We had EMA13-39 crossover today with good volumes, but it was an indecisive day. Anyways, for now the trend bias remains up.

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

Quote of the Day - 16th June 2010

Discipline

"The ability to discipline yourself to delay gratification in the short term in order to enjoy greater rewards in the long term is the indispensable prerequisite for success." - Brian Tracy