The number of stocks at fresh 52 week high is now outpacing the number of stocks at 52 week lows by a factor of 15. This means there at 15 times more stocks which are rising than declining as measured by 20 day average of number of stocks at 52 Wk high/ low. This is first time that the breadth is strong for the whole of the month in comparison to the earlier two attempts at 9000.

Insight - The market indicates that the ingredients for a sustained upmove are in place. The Nifty index appears set to move towards fresh life time highs over the next few weeks and months.