All seems to be Well.

The markets seemed to have entered a new upturn with the resounding U turn that they took on 23rd. Nifty is nearing to touch the 52 weeks highs and same is the case with sensex. Most good stocks have already crossed their 52 weeks highs. All seems to be hunky dory and there seems to be money to be made in holding on to your stocks. I am just attaching a sample of the graph showing how, Nifty was supposed to go into a downtrend, as MACD had approached 0, and usually MACD goes below 0 and it is a start of a downtrend. However the converse is also true that MACD goes above 0 is a good time to go long. I guess now the same thing is happening with the MACD bouncing from 0 levels, the markets are in a rally mode. The futures are still at a premium underscoring the fact that lot of people have burned their fingers / hands trying to short the market, and are now extremely positive of a good closing.

Will keep posting as some interesting developments happen. Till then it seems that the party is on...Wish you all also a happy new year!

Change of direction!

Sorry, havent been able to post for a long time, will try to rectify this.

Markets did a surprising U turn today. It was a perfect set up for a decline, with all indicators pointing for a breakdown, however todays move changed all that. I dont remember the last time, when indicators changed so quickly. It was a good case of bulls getting trapped and huge short-covering. Nifty futures from a discount, ended with a 10 point premium.

The moot point is that it would take a lot to break the markets, as each & every down move is faced with more wall of money coming in. With a promise of 8% gdp growth, the markets have more reasons to smile.