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29 Jun 2009

Sensex Future Direction Analysed with a Chart to Make Money

1. One should be able to read the likely trend of Indian stock market and if we undertake an analysis of Sensex we will find that it has given a breakout below the trend channel and thus we should be careful because violation of its supports mean that the BSE index can fall to the level of 12000.


2. One will also need to keep an eye on bearish divergence on Twiggs Money Flow (21-Day) and watch if it falls below zero which further provides the credence.

3. Thus an important level to watch is breaking of Sensex 14000 levels as it would confirm the correction. However if in an upmove Sensex is able to move above the level of 15500; it will signal that another mega upmove is in offing.



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