The Sensex is testing support at 8500 for a third time. Declining Twiggs Money Flow (13-Week) indicates long-term selling pressure. The primary trend is down and breakout below 8500 would offer a target of the 2005 low of 6000; calculated as 8500 – ( 11000 – 8500 ).
Related Readings and Observations
Nifty Tested the Fibonnaci Resistance
Nifty Tested the 61.8% fibonacci resistance near 2808 levels. 5EMA Support comes near 2714 Source:
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Nifty and Bank Nifty 90 min charts for 24 Aug 2012 trading Nifty and Bank Nifty are in buy mode on the 90 min charts with supports coming around 5377 and 10425. And for Bank Nifty intermediate support coming around 10472. Exit positional longs if […]
Multibagger Recommendation : Core Projects & Technologies Buy : Core Projects & TechnologiesCmp:206 Target : Rs 450 Time Frame : 8-12 Months About Core Projects and Technologies Ltd Core Projects and Technologies Ltd. (CPTL) […]
Buy silicon valley It is a profit making company & declared a bonus of 2:1 BSE code 531738Quote:Silicon Valley Infotech Ltd has informed BSE that an Extra ordinary General Meeting (EGM) of the […]
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Options Strategy for the Month of October – Bull Call Spread/Long Call Nifty is likely to cross 6300 by expiry due to following reasons.Sustained buying by FIIs – incoming smart money, Sustained selling by DIIs - outgoing dumb money
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