Interpreting Stocks : 5th July 2010

NIFTY EOD Analysis as on 5th July 2010

 Today, a Doji candle has been formed. The open and close was almost at the same level. Volume was low today. Indecision prevailing in the market.
CMF is showing -ve bias compared to yesterday(-).
EMA3 is below EMA13 (-). Crossdown today.
Slope of EMA 13 is down.(-)  EMA 13 of at 5253 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Signals:
1. Price making lower high.
2. Close was below EMA 13 today.
3. MACD has given crossdown signal and falling.
4. Doji candle formed showing indecision.
In my opinion, according to the charts and taking into account the global scenario, we should see -ve bias till NIFTY touches 5180 level.
After that, let's see what's in store ahead.

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