Interpreting Stocks - 29th June 2010

NIFTY EOD Analysis as on 29th June 2010

Big red candle with no upper wick. Found support at 5230 level support line. Volume was higher than yesterday.
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 5250 level
EMA13>EMA39.(+)

Answers for Yesterday
Bears came in charging today and it was all bears day today. The close was below the level of 5300. So, the congestion at 5300 level is proving to be vital. Today's close was near the support level of 5230 level and the EMA 13 level. Now, either we will see the break of support at this point and then it will be a correction or we are going to see some sideways movement now.

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