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.
No comments:
Post a Comment