Sensex Intraday 28-oct-2010
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Daily -
Though remaining neutral to mildly bullish, the trend is changing direction towards non-bullish. The TS has crossed down KS. The CS has fallen to priceaction. Cloud remains increasingly bullish. The PA, TS and KS remain above the cloud.
Its mixed signal mild bullishness changing towards neutral.
Till the Price remains above cloud it would get a support and possible rebounce at cloud.

Hourly -
The Trend has turned completelly bearish, as told yesterday, it would have been a good sell on rise to cloud which happened towards end of session.
Price is below TS which is below KS and all below cloud. CS has fallen below PA, and cloud.

TF 15min -
Like Hourly, but was already bearish. Continues to be bearish with intermediate attempt to clear the cloud which was nullified by the 3min fall.

TF 1min -
1min chart is put here to highlight the nature of the fall, which was done in 2min with 3rd to 5th min completing it.
This timeframe is normally not analyzed.
It shows big gap between price, indicators and cloud.
The only positiveness is TS being above KS and PA above KS.
Other than that this chart contains all the examples of bear indication.
The cloud future, CS & PA, TS & PA, Cloud & PA, Cloud & TA, CLoud & KS.

I shall try making a tabular indication from a future date to make comprehension faster, viewing easier.

The bottomline of the price is maintained.
Sensex LTP is 19980 with days low 19869
The days Bolinger bottom was 19837

      5day  20day 34day 50day 100day
EMA  20125 20249 20059 19503 18665
SMA  20076 20086 19872 19594 18928

finding support at 34day sma.
The momentum becomes weaker at 50d EMA onwards.

The final 20min saw the index trying to climb from the Weekly Support1 [19865] towards Weekly cama L3 [20005] while crossing through Weekly L4 [19860], Daily L3 [19888], Monthly L3 [19904], Previous days Low [19924], Support mid1 [19950], Bollinger bottom 3, Bollinger bottom 2, and ended at Bollinger Bottom 1.

The ADX remains sideways, with negative projection. Oscillators are coming out of 5min OS.
Will not be surprised to see a bounce tomorrow, before anythingelse.
World mkt cues will have a say.
Being weekend, being after expiry ...
The mkt will tell us what it has decided, as usual.