Sensex MACD in Buy near Positive Territory again

The benchmark Index, moved into a buy again after a lengthy A-B-C type of a correction. The move up on 26th November 2012 is a very typical burst when an important index is in positive territory. The upmove should continue now for quite a while.

Index resuming normal uptrend. Sensex and Nifty well placed before Diwali

The benchmark indexes have indeed turned up just before Diwali. All it needs now is a good push and we are again on the way up. A buy signal here is a powerful one since MACD is in the positive territory and a possible move up will be very strong.