Interpreting Stocks : 6th August 2010

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KSOILS

NIFTY EOD Analysis as on 6th August 2010

Red Candle which closed lower than yesterday, but volume was low.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5420 level.
EMA13>EMA39.(+)

Answers for Yesterday
Today's Bearish Signals:
1) Red Candle which closed below yesterday's tweezer top candle.

Again it was a bearish day, but without much participation. Volume was low today. Bears managed to close below yesterday's tweezer top candle.

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