Interpreting Stocks : 4th August 2010

NIFTY EOD Analysis as on 4th August 2010

Green candle showing buying pressure. Volume again dipped on upmove comparatively than yesterday.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5411 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Volume was comparatively low.

NIFTY continued its upmove today.

Questions

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