Apr 19, 2011

Sensex

Dipped below, but manages to close above 200sma, after bouncing from 34ema
Shortterm EMAs are losing momentum, while longterm EMAs are still positive.
Volatility increasing.
Oscillators in neutral.

Short term Ichimoku has turned negative yesterday with TS below KS, continues with more divergence.
Cloud top can support at 18780.
Cloud breadth increasing, while the CS dives below PA.

Mediumterm, cloud and KS are flat, while KS being in cloud,
PA fallen below TS and resting on cloud top.
CS in the cloud. Trend sideways.
Detailed analysis in the EOD post and Premarket Post for tomorrow, later.

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