Category: India & Singapore

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India & Singapore

India’s SENSEX index ran into resistance at 16500 today. 13-Week Twiggs Money Flow holding below zero warns of strong selling pressure. Expect another test of support at 16000. Failure would signal a down-swing to 14500.

SENSEX

* Target calculation: 16000 – ( 17500 – 16000 ) = 14500

The Straits Times Index weakened to 2700 today after yesterday’s sharp rally. 63-Day Twiggs Momentum declining below zero reminds that we are in a strong primary down-trend. Failure of support at 2700 would signal a decline to 2400*.

Straits Times Index

* Target calculation: 2650 – ( 2900 – 2650 ) = 2400

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India Singapore selling pressure

Dow  Jones Total Stock Market (TSM) India Index is testing resistance at 1825. 21-Day Twiggs Money Flow mostly below zero warns of medium-term selling pressure. Expect resistance to hold followed by another test of support at 1650.

DJTSM India

* Target calculation: 1650 – ( 1800 – 1650 ) = 1500

The weekly SENSEX chart shows a similar story: the index retracing to test resistance at 17500, but 13-week Twiggs Money Flow below zero warning of strong selling pressure. Reversal below 16000 would offer a target of 14500*.

SENSEX India

* Target calculation: 16000 – ( 17500 – 16000 ) = 14500

Dow Jones Singapore Index retreated Monday. 21-Day Twiggs Money Flow below zero warns of medium-term selling pressure. Failure of support is likely and would offer a target of 200*.

DJ Singapore Index

* Target calculation: 220 – ( 240 – 220 ) = 200

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India, Singapore weaken

Dow Jones India 30 Titans Index is headed for another test of support at 152. 21-Day Twiggs Money Flow holding below zero indicates selling pressure. Failure of support would warn of a down-swing to 136*.

Dow Jones India 30 Titans

* Target calculation: 152 – ( 168 – 152 ) = 136

Dow Jones Singapore Index is testing the band of support between 220 and 215. Low volume indicates weak support. Failure of 215 would offer a target of 200*.

Dow Jones Singapore

* Target calculation: 220 – ( 240 – 220 ) = 200

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Dow Jones 30 Indian Titans

The DJ India 30 Titans Index displays strong selling pressure, with 13-week Twiggs Money Flow falling below zero. Reversal below support at 152 would offer a target of 136*.

Dow Jones India 30 Titans

* Target calculation: 152 – ( 168 – 152 ) = 136

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India Singapore short-term support

The Sensex rallied Monday but on light volume. The sharp fall on 21-day Twiggs Money Flow below zero warns of strong medium-term selling pressure and support at 16000 is not expected to hold.

BSE Sensex Index

* Target calculation: 16500 – ( 17500 – 16500 ) = 15500

Monday’s long tail on the Straits Times Index also indicates short-term buying support. The sharp fall on 21-day Twiggs Momentum indicates a strong down-trend and support at 2700 is expected to fail.

Straits Times Index

* Target calculation: 2800 – ( 3000 – 2800 ) = 2600

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India Singapore short-term buying

The DJ Total Stock Market (formerly DJ Wilshire) Index for India ($DWIN) gapped down on Monday’s open but closed with a long tail. Short-term buying is unlikely to withstand concerted selling pressure, signaled by 13-week Twiggs Money Flow below zero.

Dow Jones Industrial Average

* Target calculation: 1820 – ( 1980 – 1820 ) = 1660

DJ Singapore also closed with a long tail, indicating short-term buying support — confirmed by higher volume. Again this is unlikely to withstand long-term selling pressure for more than a few days.

Dow Jones Industrial Average

* Target calculation: 220 – ( 240 – 220 ) = 200

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Sensex reveals short-term support

Staggered red candles, rather than free-falling with little or no overlap, indicate the presence of short-term buying support on the Sensex Index. Higher volumes tend to support this. Respect of support at 16500 would indicate another test of resistance at 17500. Failure of support, however, would test 16000*.

India SENSEX Index

* Target calculation: 17500 – ( 19000 – 17500 ) = 16000

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India Singapore

India’s Sensex Index closed lower Friday on average volume. 13-Week Twiggs Money Flow continues below zero, warning of selling pressure. Breakout below Tuesday’s low of 16500 would confirm the decline to 16000*.

India SENSEX Index

* Target calculation: 17500 – ( 19000 – 17500 ) = 16000

The Singapore Straits Times Index fared better. Recovery above 2900 would indicate a bear rally, but resistance at 3000 is expected to hold.

Singapore Straits Times Index

* Target calculation: 2800 – ( 3000 – 2800 ) = 2600

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Asia joins US stampede

The Singapore Straits Times Index closed at 2900 Monday, confirming a primary down-trend. Initial target for the down-swing is 2800*.

Singapore Straits Times Index

* Target calculation: 3000 – ( 3200 – 3000 ) = 2800

The Indian Sensex Index broke support at 17500, testing 17000 Monday before the close.  Target for the down-swing is  16000*.

India Sensex Index

* Target calculation: 17500 – ( 19000 – 17500 ) = 16000

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