Interpreting Stocks - 25th June 2010

NIFTY EOD Analysis as on 25th June 2010

A big red candle which broke the support level around 5300 level and closed below it. But, volume was low on the breakdown today. So, we need confirmation to validate this as a true breakdown.
CMF is showing -ve bias compared to yesterday(-).
Stochastics is showing -ve bias(-).
EMA3 is above above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 of at 5238 level
EMA13>EMA39.(+)

Answers for Yesterday
Today's candle broke yesterday's Doji like candle's low and closed below the support level but with lower volumes. IF the breakdown was with high volumes then this could have been a trend reversal. Today's big red candle wiped out the gains during this week.
If the next candle supports the breakdown, then we may see a correction happening now.

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