Intermediate Trend : uptrend continues

The chart on the left shows the nifty between Apr 1 and Aug 20. The points marked "T" are intermediate tops, while those marked "B" are intermediate bottoms.

The dashed line in the centre of the chart is the 200-day moving average of the nifty.

The sensex is now in an intermediate uptrend which started on Aug 8 when the index made a top at 25,233 (B-17).

Long-term Trend : up

The chart on the left shows the sensex between Apr 1 and Aug 19. The points marked "T" are intermediate tops, while those marked "B" are intermediate bottoms. 

The dashed line in the centre of the chart is the 200-day moving average of the sensex.

Our market’s long-term (major) trend is up, with all indices persisting above their 200-day moving averages, and with rising intermediate tops and bottoms.

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