Dec 8, 2010

Sensex for 9-dec-2010

Sensex settled at 19696, below the 50dEMA, 55dEMA, above 89dEMA, 100dEMA.
Resting on the Bluechannel bottom, after testing it.
20dEMA 19877 remains above 50dEMA 19850 so far.
Volatility day with oscillator deflected at OB area into neutral area.
Longterm ichimoku shows the PA shuttled between TS and KS which are sideways, all the three in cloud, with TS below KS. The trend here is neutral still.
Shortterm ichimoku shows hesitation to get to declining cloud bottom, again with PA between TS and KS, with TS hooked down above KS. The trend in shortterm is Bearish.

The support is at 19494 19387
Resistance at 19812 19850 19921

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