May 31, 2011

Sensex for 1-6-2011

Sensex closed above 300ema, 20ema, 13ema, and is firmly settled for now in the trend lines triangle.
It was resisted at 233ema and 34ema.
Shorter averages have started flattening out, and shortest ones are looking up.
Longer averages gradual gradient is maintained.
Oscillator is at -23, at the threshold of entering the OB.
ATR, after contiunuous fall, has started moving up.
200ema is at 18601, 200sma at 18708 - these are future resistances.



Ichimoku short parameters -
Cloud falling and turning in future.
TS cross above KS, PA above both, but all below the cloud.
Makes 18622 18894 levels resistances to be crossed in shortterm positivity, in the negative picture.

Medium term parameters -
Cloud forms flat bottom of resistance, while PA has settled above TS, and facing cloud bottom 18527.
KS in cloud may be held at bottomspan.
CS moving rapidly through thick cloud.
It is mild positivity in the negative scenerio, in midterm.

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