Intermediate Trend : uptrend still on

The chart on the left shows the nifty between Jan 1 and Apr 25. 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 in an intermediate uptrend which has started on March 23 when the sensex bottomed out at 32,484 (B-1).

Long-term Trend : uptrend appears to have survived

The chart on the left shows the sensex between Jan 1 and Apr 25. 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 uptrend appears to have survived, with the timely arrival of the current intermediate uptrend. Most of the indices had gone below their 200-day moving averages, but have all climbed back above it now.

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