Intermediate Trend : up

The chart on the left shows the nifty between Mar 3 and July 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 now in an intermediate uptrend which started on July 14 when the index made a bottom at 24,892.

Long-term Trend : up

The chart on the left shows the sensex between Mar 3 and July 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 - i.e. major trend - is up, with all the indices remaining comfortably above their 200-day moving averages, and with rising intermediate tops and bottoms.

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