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March 29, 2013: The US Dollar index has hit resistance and the NIFTY bounced off support on Friday raising the possibility of a short term rally in the Indian index.

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March 16, 2013: The NASDAQ, Dow, the German Dax and few other global indices have slowly and steadily gone above their pre-recesssion highs, but not the NIFTY. The Indian index made an attempt to cross its all time highs in  November 2010 but failed. It has since not been able to reach its November 2010 highs again.

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February 23, 2013: NIFTY has reached a support level after five negative weeks and a bounce is possible given the deep sell off. The cautionary note to bulls is that the index is near its all time high making the support level weak.

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February 9, 2013: The NIFTY last week gave bulls three things to worry about with the possibility that a deeper correction might be coming. It is very difficult to kill a bull and the markets take time to turn, but as it is turning we see signs of what is likely to happen.

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January 26, 2013: The two major indices, the Nifty and the Sensex, continue to move up and their upside targets mentioned in last week’s article are still in play.

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January 19, 2013: The Sensex inched higher out of a key resistance following the NIFTY which had already cleared its resistance a couple of weeks ago. This clears the way for a potential 500 point rise in the Sensex to 20,500 and the Nifty can reach 6150.