New High in reach ...

For 1-nov-2010

Will add notes later at weekend.

For 28.oct.2010 from Sensex & Nifty Intraday EOD data of 27-oct-2010
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Some EMA and SMA levels for Nifty Future

day    5     8    13     21    34    40   50    55   5 week

EMA  6106  6107  6104  6073  5996  5959  5901  5873  6040

SMA  6093  6088  6122  6122  6031  5951  5857  5818  6103
The Price is at 34ema, The green levels are below the price, forming supports, Red are above price forming resistance.

Nifty Future Hourly TF chart
All levels Nifty Future.
Immediate retracements can be upto
6046
6071
6091
6113
the regular resistance 6069 6091
if pivot 6048 is crossed.

Immediate extensions can take to
5958
5934
5897
and the regular supports 5994 5972 5951

Volatile session expected. Trendline will save showing the sudden turns in direction.
Stoploss is the best insurance, as always, for protection.
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FII investment NSE and BSE total Nett has come down over the month.

The complexion has changed within a day.
But for the Daily Ichimoku, all other smaller timeframes have become bearish.

Daily -
Turning towards Neutral.
TS crossed down KS, with down changed trend. Priceaction below TS and KS.
but above Cloud.
Cloud is Bullish but shallow.

Hourly -
Bearish.
PriceAction has fallen below Cloud, TS, KS.
TS below KS, and Cloud.
Ks within cloud. Cloud is bearish, may turn bullish later.
CS below PA and cloud.

TF30 -
Bearish, similar to Hourly.

TF5min -
Strongly Bearish, by all indications.
Now, only the Daily, and so the longterm trend is neutral to mild bullish.
One can short on price raise to 20100 to cover at lesser levels.
Strength would resume when Price returns above 20240.
 

The Sensex Ichimoku charts :
Daily - Mildly Bullish, since the TS is above KS. PriceAction, TS and KS are above Kumo. CS above PA. Kumo future remains positive.
But PriceAction is below TS and KS.

Hourly - Neutral. All actions in the Cloud. Kumo future turns positive.

M30 - About to become MildBullish to Neutral, if Price enters cloud. The PriceAction falling towards Cloud, TS crossed below KS, CS fallen below KS.

M5 - Bearish. PriceAction below TS below KS below Cloud. CS below PriceAction. Cloud future turning bearish.

In shortterm the trend is Bearish, while the Midterm remains capable of recovering to Bullish moves.
Trend remains sideways.
Sensex may bounce up from 20165, the M30 SenkouspanA.

The Bolinger support would be at 19840, and resistance at 20661

Sensex is below the 20sma, in the middle of the band.

The retracement support may be possible at 20208 20134 20060 19954.

and resistance at 20455 20620 20837.

If breaks down, a firm support may be at 34sma 19984, 50sma 19430.

NIFTY FUTURE :

The Volume is less than average of 5days, 20days and 50days

NMA levels are neutral between short and long parameters. [Thanks Rajandran]

Volume analysis shows a possibility for fresh lookup to accumulate at lower level. [Thanks Karthikmarar]