Saturday, August 9, 2008

Sensex


The Sensex penetrated resistance at 15000 and is testing the upper trend channel. Money Flow (21-day) rising sharply above zero signals strong buying pressure. Breakout above the trend channel would indicate that the primary down-trend is weakening. Reversal below 14000 is unlikely at present — and would warn of another test of primary support at 12500.

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