Sensex View

The Sensex remains in a primary down-trend. Having encountered resistance at 18500 the index is retracing to test support at 17500. Failure would signal a decline to 16500. Twiggs Money Flow below zero indicates strong selling pressure.
Remain Cautious.

Sensex If trades below 18k then it could test 16.8k-17k

The Sensex is testing support at 18000; failure would test 17000. Twiggs Money Flow below zero indicates strong selling pressure.

Sensex View

The Sensex broke support at 19000, signaling a primary down-trend. Twiggs Money Flow index (13-week) reversal below zero confirms strong selling pressure. Expect a decline to 17500

Sensex has seen a correction of more than 1000 points in a week.Declining Twiggs Money Flow (13-week) indicates significant selling pressure. Failure of support at 19000 would signal a primary down-trend.Immidiate target could be 18000 for sensex in next couple of weeks.

Sensex View

The Sensex is testing the band of support at 19,800 to 20,000. Failure would signal a correction to 18000. Sharp divergence warns of strong medium-term selling pressure.

Sensex View

Sensex corrected about 1000 points from the top.It fell by about 600 points from the sell signal which was generated last week.20,000 is a very important support level on closing basis,today(18th Oct'10) though it went below that to take support at 19800 levels it managed to close above 20k.The Twiggs Money Flow Index which measures the money flow into and out of the market has gone to negative zone as of friday 15th oct,which is bearish. The TMF Index remaining below zero line and sensex closing below 20k we could see a large correction upto 19k, so be cautious.

Sensex View

The Sensex broke downward from its fast-rising trend channel, indicating a correction. Twiggs Money Flow (21-day) respect of the zero line would confirm strong buying pressure. A brief retracement that respects support at 19800 would also indicate trend strength.