BSE Sensex 30 index hits all-time high
5 months after its May high of 12,671, the BSE Sensex-30 market index hit a new all-time high of 12,706. Almost all 30 stocks are in the green, and one the market closes, I will check how many of them are at all-time or 52-week highs.
Per the year-to-date chart below, all moving averages are pointing up, and the volatility (as measured by average true range) is not as high as it got in May - looks like we aren’t yet ready for a correction.
A closer look shows a negative divergence in the “slow stochastic ” indicator, but with earnings season going well so far, there’s no dark clouds on the horizon.
Related Posts:
October 16th, 2006 at 8:38 pm
The index has moven even higher. Leaders are breaking out. Banking and IT sectors seems leading the rally for the moment.
October 19th, 2006 at 10:38 pm
hi there,
it was interesting to go through your chart (though i have found a online minute by minute chart at yahoo.finance.com with real time stocastics etc).
i am from bombay 38 yrs old with a passion for the stock mkts mostly for very long term investing which i am good at.but i also want to harness the mkts for the stort term which is very difficult,am working on it.
it would be nice if u add comments and update ur chart every day,as i have added it to my favorites too.
thanks and have a nice day