Indian bulls break out

India’s Sensex broke through 21500, signaling an advance to 23000*. A trough above zero on 13-week Twiggs Money Flow indicates buying pressure. Retracement that respects the new support level would strengthen the signal. Reversal below 21000 is unlikely, but would warn of another correction.

Sensex

* Target calculation: 21500 + ( 21500 – 20000 ) = 23000