Interpreting Stocks : 13th August 2010

NIFTY EOD Analysis as on 13th August 2010

Green Candle showing buying pressure. Volume was comparitively lower today. Yesterday's Hammer candle rightly acted.

EMA3 is above EMA13 (+).
Slope of EMA 13 is up.(+)  EMA 13 is at 5433 level.
EMA13>EMA39.(+)

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

Bulls came in today after yesterday's hammer candle. But, volume was less comparitively. Now, NIFTY should break 5500 level to be having a +ve bias.

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