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 ).
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Go Long with the stop loss of 5077. Short only if Nifty Breaks 5077 on EOD BasisSource:
www.marketcalls.in
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