Interpreting Stocks : 12th July 2010

NIFTY EOD Analysis as on 12th July 2010

 Today, a green candle is formed with good volumes. The close was above the resistance line. Can it sustain above 5400? Let's see.
MACD is also showing +ve bias and on the verge of giving a buy signal.
EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5290 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Bearish Signals:
1. There is a small resistance/congestion level at 5400.

NIFTY is showing positive bias. Today also, it tried to break above 5400 level with more than average volumes. The close was above the resistance line. Can it sustain? If Global markets continue to move ahead, NIFTY is sure going to head higher in coming days now.

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