The markets closed with moderate gains today with auto being the best performer. The Sensex closed at 16937 (provisional), up 60 points from its previous close, and the Nifty closed at 5086 (provisional), up 11 points. The CNX Midcap index was up 0.05% and the BSE Smallcap index gained 0.02%. The market breadth was negative with advances at 620 against declines of 804 on the NSE.

Chart wise :
A very dangerous closing today.... below the 5093 mark and a drop in vix signifies that we are heading for some flat sessions now. Next 100 point range will most likely be between 5032 and 5136.

 EOD picture looks bullish. Clear trend method suggest a beginning of a clear uptrend with 5071 as the key reference level. Till the time we make a EOD high below this mark, we have to assume an uptrend is in place.

ACCL band suggest a broader range of 5242 and 4710.

Woodies CCI is says cycle is in in wait mode but since CCI managed to breach the 100 mark in the 3rd bar, we need 2 more bars above the 0 mark for a clean uptrend where we look to buy the dips from now on.
Sidewinder is red, meaning NO TREND zone on eod. Chop Zone indicator  is also in the wait and watch mode.
LSMA at 5020 means bias should now be on the up side.

 
Volume profile shows that it was a D shape balanced day. We managed to create a value area above last 4 days but closed the day below the value area low of 5098. 4995 and 4878 are the 2 virgin POC that normally acts are targets in the near future.