Nov 24, 2010

Sensex at EOD 24-nov-2010 for 25-nov-2010

Sensex finds support at Cloud bottom, 100day EMA and closes at 89day EMA.
The Blue channel bottom is tried, and if broken price can reach Red channel bottom.
The next support is at 100day EMA, 144 day EMA, and
resistance at 55day EMA and 50day EMA.
Being in cloud, the neutral stance is established.
A bounce to cloud top or Blue channel top is possible.
TS has fallen below KS, and both rest on cloud top.
Shortterm Kumo is twisting and thinning out.
Big volatility and oscillator in OverSold area.
Expiry day would see more volatility with extremely fast moves mixed with no moves.

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