SENSEX UPMOVE VERY LIKELY!

OUTLOOK: VERY POSITIVE

Now with the Nifty and Sensex up in the green (on the charts), some happy times should be here....Specially considering that this uptrend is coming after a long time. The last uptrend that we saw was on 29 th of July, and it did not last for a very long time, lets hope that this uptrend lasts longer...

MACD : Just getting above the zero into the positive territory

Also as I have written in my many previous posts some of the stocks have already seen there bottom and now have started to consolidate, this can mean that smart money could be finding its way back into these stocks....

As the classical definition of the last leg of a bear market goes: " When the markets would not react to bad news, and latch onto any good news to move up".....this definitely seems to be coming true wherein the bad news of IIP nos was shrugged off by the markets and the good news of inflation coming down was lapped up by the markets....

Its time to be cautiously optimistic at last...keep an eye on MACD, we need to trade above 0 to remain in the positive zone....