The chart on the left shows the nifty between December 1 and March 3. The points marked "T" are intermediate tops, while those marked "B" are intermediate bottoms.
The dashed line in the centre of the chart is the 200-day moving average of the nifty.
The sensex is now being seen as continuing in the intermediate uptrend which had started on Dec 17 when the index bottomed out at 26,469 (B-19).
Our market’s long-term (major) trend remains up, with the main as well as broader indices persisting above their 200-day moving averages, and showing rising intermediate tops and bottoms on their charts.