May 24, 2011

Sensex - for 25-5-2011

A deathcross about to happen if 50ema falls below 200ema.
The supports and resistances are marked on the charts based on various parameters.
Another channel is broken when Sensex closed yesterday breaking down the magenta line.
Today the support came at 377ema, while resistance was at 78% retracements.
Sensex could not cross the 5ema,


Ichimoku in all parameters and indications is in negative direction.
As pointed from last week, the positive trend can be confirmed only on a firm trading above the cloud.

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