Interpreting Stocks - 18th June 2010

NIFTY EOD Analysis as on 18th June 2010

Red Spinning-Top candle showing indecision at the resistance level of 5300. Volume was almost same as yesterday.
CMF is showing flat bias compared to yesterday(~) and has almost reached the average level.
Stochastics is showing -ve bias(-) and is falling from OB area.
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 of at 5150 level
EMA13>EMA39.(+)

Answers for Yesterday
There was confusion today during the bout. Bulls trued to push up the level, but ran out of steam at the resistance level. Bears tried to pull it down, and by the end the close was almost at the mid-point level. Based on today's action, we can say that Bears have a slight advantage over Bulls now as Bulls are facing resistance at 5300 level.

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