Indication from Twigg’s Money Flow Indicator

By | February 9, 2009


The Sensex continues to test resistance at 9500, influenced by positive sentiment in the US. Breakout would offer a target of 10500, while respect would test primary support at 8500. Twiggs Money Flow (21-Day) reversal above zero would signal buying pressure. In the long term, the primary trend is down and reversal below 8500 would offer a target of the 2005 low of 6000; calculated as 8500 – ( 11000 – 8500 ).

Today we closed above 9500 but if it can sustain that than only 10500 else retest of 9k and if that breaks 8.5K

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