21 day Twiggs Money Flow indicator shows sensex to show strong resistance near 14800-15100 region.
However breakout above the resistance line as shown indicates a fresh buying pressure.
Related Readings and Observations
- Lin Supertrend – 5min and 10min Live Charts for NSE Futures Lin Supertrend is new and responsive version of Supertrend goes live for NSE Future stocks and index futures. Lin Supertrend uses linear regression to bring responsiveness in the system […]
- Bank Nifty Probable Head and Shoulder Pattern In a post earlier I have mentioned about a probable head and shoulder pattern developing in bank nifty. A similar pattern is forming in NIFTY chart.
- Price action Trading-A solution to complicated Indicators My philosophy on trading is that: Price Action (PA) is the best system that can be utilized for trading any markets, while money management is your defensive edge (and the key to […]
- STRADDLES ARE STRANGLES – Lies, Lies and Damn Lies -9 Sellers of naked calls face unlimited loses if the price of asset they sold goes up. For example if a speculator sells 1000 MSFT calls at strike 25 for a premium of $2, his loses starts […]
- Nifty futures cloud Update for 10th Dec 2010 Nifty futures cloud charts shows that resistance near 5925 zone. Shorts should be reversed only above 5925
- Will Crude Test $68 Levels Crude is trading above $55 levels which is a bullish breakout levels as mentioned in my last postQuick Update on Crude and currently testing the next level of resistance $60. […]