Long-term Trend : continues to be up

The chart on the left shows the sensex between Sept 1 and Dec 14. 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.

The sensex, nifty and nifty midcap 100 indices have been maintaining rising intermediate tops and bottoms, and are also well above their 200-day averages, indicating that our market’s long-term (major) trend continues to be up at this time.

There was no change in the major trend of any of the Hotline stocks yesterday.

The major trend of all major global indices is up, as they have rising tops and bottoms, and are above their 200-day moving averages. London’s FTSE-100 has been crossing its 200-day moving average both ways quite frequently.