Sensex, Nifty to confirm Bullishness

Sensex is currently moving up logically after testing the trendline support. It needs confirmation of 18524 to truly head upwards. After that, a lot is possible. Nifty is also similarly placed.

Nifty still strongly placed, MACD buy in positive, huge rally possible

Nifty is still in a strong position. A possibility of a great run is open since MACD is in a buy mode in the positive territory. The chart is weakening somewhat on 3 month charts, but it is quite normal on longer term chart, say 1 year and 3 years. One should stay long with a stop loss of 5130.

Index Futures and Factors for today's trading

DJIA INDEX		13,062.00	+7.00
S&P 500		1,391.30	+2.30
NASDAQ 100		2,682.75	+11.75

 At approximately 5:30 AM

• Mario Monty warns about Euro breakup
• Mixed opening expected for markets today
• European stocks gain on Greek debt news