Interpreting Stocks : 22nd July 2010

NIFTY EOD Analysis as on 22nd July 2010

 Green Candle with good and higher volumes than yesterday, showing buying pressure. Today, it crossed the 5400 level and closed above it.  Positive days ahead? Let's see. We should move up from here now

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5366 level
EMA13>EMA39.(+)

Answers for Yesterday
Todays Bearish Signals:
NIL

NIFTY jumped up from 5400 level and closed above it. Can it sustain? It should, if global market favours. Let's see what's in store ahead.

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