Feb 15, 2011

Sensex EOD 15-feb-2011 Look for crossing 20day EMA

Pink trendline crossed.
Resisted at 20day EMA.
5day EMA at 17984 still below 20day EMA at 18313.
20day EMA at 18313 still below 50day EMA at 18914.
Oscillator into neutral zone.
50day EMA at 18914 remains above 200day EMA at 18610.

Thinning cloud in long and mid terms.
Longterm - still negative, with KS forming resistance at 18506, and TS support at 17881.
Midterm - cloud bottom will be first resistance at 18810, with KS forming support at 17881.

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