Interpreting Stocks - 24th June 2010

NIFTY EOD Analysis as on 24th June 2010

A Doji like candle. Volume was high today. Today also, it found support at 5300 level and closed above it.
CMF is showing -ve bias compared to yesterday(~).
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 5233 level
EMA13>EMA39.(+)

Answers for Yesterday
Today, it was an indecisive day and the close and open was almost same. In an uptrend, a Doji like candle above a support line has been formed now. Could this be a reversal signal? We have to wait and watch for that. I won't give this Doji like candle much points because it need to break the crucial support at 5300 level. It could be a top-reversal IF we see a candle which breaks the cupport at 5300 level. Otherwise, we are in bullish mode, but apply caution, until the high of the Doji is broken.

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