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.

The major trends of BSE-100, BSE-200, Bombay Burmah and Dalmia Bharat are up.

Most of the main global indices also appear to have hung on to their long-term (major) uptrends. Shanghai is the exception as it has falling intermediate tops and bottoms, and is below its 200-day moving average.