India’s Great Equity Bull Market May Hit Technical Glitch: Chart

(Bloomberg) -- Is it time to call a top for the great Sensex bull run of 2017? While the improving long-term fundamentals of India are winning many supporters, short-term technicals may dominate for now.

Bearish divergence is developing between the MACD (moving average convergence divergence) indicator versus the Sensex Index which may provide enough of a sell signal to cap the upside into month end.