Price, Volume, Open-Interest Interpretation

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Interpreting Stocks : 6th July 2010

NIFTY EOD Analysis as on 6th July 2010

 Today, a big green candlestick is formed, which found resistance at 5300 level. Volume was low today. For upmove, NIFTY has to break this resistance level with good volume.
MACD is showing that the market is weak and probably will head lower from here unless and until it breaks the resistance level with good voumes.
EMA3 is above EMA13 (~).
Slope of EMA 13 is flat.(~)  EMA 13 of at 5258 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Signals:
1. Price did not cross the resistance level.
2. MACD has given crossdown signal and falling.
3. Volume has been low on upmove.
Market looks weak unless and until it breaks 5300 level with good volumes.

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