Saturday, November 2, 2013
On first of November Sensex crossed the 2008 high and made a lifetime high. But the Nifty is yet to cross that mark.
Whenever Nifty crosses 6357 decisively with great volume and sustains it then we can consider the change of trend in the market. It can be confirmed only when it retests the previous high of 6357 and once again starts its up move.
At that point you can see many stocks will start participating in the up move. It is essential to be vigilant for hopping in and out of different stocks.
click on the chart to enlarge
NOTE: At present we may be at the threshold point of entering in to a long sustained Bull Market.