even tho i wanted to answer this as soon as i saw this, i wanted some exp day trader to correct this as it would carry more weight. no other than CV!
use AD, Put-Call ratio, 52weeks Hi-Lo, bullish % (difficult in india) etc. remember, like all indis this is no magic...it may take quite some time b4 mkt actually turns...just keep ur eyes open and be prepared..
altho not a sentidex, Relative Strength, particulaly sector wise can achieve similar thing much better.
Thanks CV again for your post, and I must say I erred, and now I know what I did! ...and may I add that,this is an excellent forum and newbies like me can learn a lot from you. Thanks to Traderji too for accepting me alongwith my shortcomings!
