India: BSE 30 Sensex Index

[setravis]

India: Sensex

The Sensex is consolidating in a narrow range between 11600 and 12200, signaling continuation of the primary advance. Bearish divergence on Twiggs Money Flow (21-Day), however, warns of retracement to test the new support level at 10500. Reversal below zero would strengthen the signal. Respect of support is likely to confirm the primary up-trend. Failure, however, would signal trend weakness and a possible test of 8000.

[setravis]

India: Sensex...
The Sensex is in a primary up-trend. The upward gap, on the recent election results, should be a positive sign, but strong bearish divergence on Twiggs Money Flow (21-Day) warns of selling pressure. A fall to 12250 would close the gap, completing an island reversal and warning of a test of primary support at 8000. Confirmed if support at 10500 is penetrated.

[setravis]

India: Sensex
The Sensex displays a bearish divergence on Twiggs Money Flow (21-Day), warning of selling pressure. Breakout below the trend channel (and 14500) warns of a secondary correction to test support at 12000. This would be confirmed by follow-through below 14000.

[setravis]

India: Sensex...Bearish Divergence
The Sensex displays a similar "head and shoulders" pattern following breakout below its trend channel. Failure of support at 14000 would warn of a secondary correction to test support (from the large gap) at 12000. Bearish divergence on Twiggs Money Flow (21-Day), however, failed to cross below zero. Breakout above 15000 is now as likely — and would indicate another primary advance.

[setravis]

India: Sensex
Sensex recovery above 15000 would indicate that the secondary correction is over, while breakout above 15500 would signal a primary advance with a target of 17500. Twiggs Money Flow (21-Day) rise above 0.1 would favor an upward breakout; a fall below zero would warn of reversal — and continuation of the correction.

[nikkir]

NIFTY
Mode-Flat
RESISTANCE-5151/5167/5193
SUPPORT-5120/5104/5078
SENSEX
Mode-Flat
Resistance-17169/17221/17306
Support-17066/17015/16929
Above resistance= Strong
Below support =Weak
If NIFTY breaches 5167 and stays above 5151 with good volume then NIFTY may see 5190.If Nifty breaches 5104 and stays below 5120 then NIFTY trend is bearish.Then expected lower target is 5080 and 5050.
If SENSEX breaches 17221 and stays above 17169 with good volume then possible upper target is 17300.If Sensex crosses 17015 and stays below 17066 level then Sensex trend is bearish.Then expected lower target is 16930 and 16820.
NB:-Today market may open Gap down ahead of weak global cues.Be careful while trading.

[setravis]

India: Sensex...
The Sensex is retracing to test support at 18000 Monday. Recovery above 18500 would confirm the primary advance to 20000*. 63-day Twiggs Momentum Oscillator holding above zero favors continuation of the uptrend. Reversal below 17400 is unlikely, but would signal a decline to primary support at 16000.
Target calculation: 18000 + ( 18000 - 16000 ) = 20000

[setravis]

India: Sensex BSE 30 Index...

The Sensex broke through 18500, confirming the primary advance to 20000*. 63-day Twiggs Momentum Oscillator holding above zero strengthens the signal. Reversal below 18000 is unlikely, but would signal a decline to primary support at 16000.

Target calculation: 18000 + ( 18000 - 16000 ) = 20000

[setravis]

India: Sensex...

The Sensex is in a strong primary up-trend, advancing to 20000. Rising 63-day Twiggs Momentum Oscillator having respected zero confirms the up-trend. Reversal below 18000 is most unlikely, but would signal a decline to primary support at 16000.

Target calculation: 18000 + ( 18000 - 16000 ) = 20000

[setravis]

India: Sensex...
The Sensex broke resistance at 18500 and is advancing to 20000*. Rising Twiggs Money Flow (13-week) signals strong buying pressure.

Target calculation: 18000 + ( 18000 - 16000 ) = 20000

[setravis]

India: Sensex...
The Sensex broke resistance at 20000, gapping to 20200 Monday, after a brief retracement. Further advances without a reasonable correction would indicate a self-reinforcing trend: rapid gains but ending in a blow-off and equally rapid reversal. Rising Twiggs Money Flow (13-week) high above zero signals strong buying pressure.

Target calculation: 18000 + ( 18000 - 16000 ) = 20000

[setravis]

India...
The Sensex is testing the new support level at 20000. Bearish divergence on Twiggs Money Flow (21-day), and a fall to below zero, warns of a correction. Failure of support would confirm.

* Target calculation: 18000 + ( 18000 - 16000 ) = 20000

[setravis]

India: BSE 30 Sensex Index

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

* Target calculation: 19000 - ( 20500 - 19000 ) = 17500

[setravis]

India: BSE 30 Sensex Index...

The Sensex is testing support at 18000; failure would test 17000. Twiggs Money Flow (13-week) below zero indicates strong selling pressure.

* Target calculation: 18000 - ( 19000 - 18000 ) = 17000

[setravis]

India: BSE 30 Sensex Index...

The Sensex recovered above 18000 Monday, but remains in a primary down-trend. Retreat below 18000 would signal a test of 17000. Twiggs Money Flow (13-week) below zero indicates strong selling pressure.

* Target calculation: 18000 - ( 19000 - 18000 ) = 17000