The Significant turnaround of markets on time cycle date of March 13th has materialised

The Sensex and Nifty rallied 5% to end the week on a extremely positive note.This is the biggest rise in 3 months.Hopes for a recovery in the battered US banking system boosted investor confidence across the world.All our thursdays counters which had given buy signals like Reliance Industries,ICICI,Tata Motors,Infosys were all up with good volumes.Nifty and Sensex both have given a fresh buy signal.The downtrend which began on Febraury 16th when i got a sell signal has ended.The trend at the moment is up.We had a time cycle date of March 13th which was assumed to be a bottom ,has indeed turned out to be a bottom,the significant turnaround i mentioned in earlier blog has materialised.We are in a new uptrend.Banking Index has also generated a new buy signal,with the leader SBI giving a fresh buy signal.Immidiate target for nifty is 2755 and 2805.Fresh buy signals have been generated in many counters.Email for details.