Indication from Twigg’s Money Flow Indicator

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 … Read more Indication from Twigg’s Money Flow Indicator

Sensex nad NIfty Outlook for 2009

The Nifty (Sensex) is in the process of completion of its correction from the 6200 (21000) levels. It seems currently to be in acontracting triangle formation (lower tops & higher bottoms), the chances of which favour a downside breakdown with target marginallysouth of 2000 (7000). This move should happen by April 2009.Broader moves occur in … Read more Sensex nad NIfty Outlook for 2009