Sensex for 10-5-2011

Sensex closes in a Red Candle,
fails to close above the 5day EMA, and 233day EMA, after making a high above these demas.
Immediate resistances would be the
5day EMA 18527
233day EMA 18528
next level resistances at
200day EMA 18671
Fibonacci 68% at 18690
18850 at 89day EMA
18900 is a cluster of EMAs of 100day, 55day, 50day, 34day, 20day 

Supports would be at
Fibonacci 78% at 18061
377day EMA 17865
400day EMA 17770

Williams recovery from OverSold has flattened at -76.
ATR keeps falling now 304.

Day made a HigherHigh and HigherLow for 2nd day.
Volume is half of 20day average.

Ichimoku - short parameters
In negative zone. Price between TS and KS, all below the cloud, TS below KS which emerges below the cloud.
Cloud starts thinning, with a future twist and fall.
CS sideways below PA and Cloud.
In short term, cloud will offer resistance,
while a smaller range is available for move up.

Medium parameters
Twisting cloud has offered support.
Mildly positive PA being caught between rising and thickening cloud top and sideways TS, KS, with TS below KS.
CS is caught sideways in cloud below PA.

In medium term, the cloud top will offer support.

Turning sideways.