It has formed an inside narrowrange day.
This would spring out mostly tomorrow.
Yesterday the 200ema had resisted.
It would be the immediate resistance now at 18665.
Then the 13ema at 18728
Close is almost at / above 233ema [18530] which may support.
Longer term EMAs are in a positive turn.
Shorter term EMAs are falling.
Williams has flattened at -72.
ATR is falling, at 293 showing reducing volatility.
If 200ema is cleared, a series of EMA bunches up at 18840 range.
If 200ema is crossed, it will set a sentiment positive.
Ichimoku -
Short term parameters -
The future cloud is twisting and falling before turning sideways.
The PA is above TS, below KS, TS is below KS, and all are below cloud.
The price would have supporting TS that travels along, and resisting KS at 18854 and cloud above that.
Short term indication is negative, with sideways move in negative zone.
Medium Term parameters -
Price is caught in the cloud, which is mildly bearish.
The cloud top will offer resistance.
Intraday, the entry into cloud at hourly is left in the cloud.
TS is falling after crossing KS downwards.
CS is sideways in the cloud.
Recovery will be price action getting above cloud,
and TS crossing and remaining above KS in upward gradient.
Cloud future is flat with moderate breadth.
Medium Term indication is mild negative to sideways.
FII investment, by provisional data, is Positive for the past days.
Their increased purchase, along with cross over of 200ema, may give the necessary impetus to the sentiment.
The overall mood was buoyant, with advance decline at 23 : 7 for sensex,
Their increased purchase, along with cross over of 200ema, may give the necessary impetus to the sentiment.
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