Dalal Street on a confirmed uptrend, says William O'Neil

Despite being the costliest stocks in the world, the Indian markets are on a "confirmed uptrend" and positive for new buys, according to American brokerage William O'Neil+Company.

The markets raced past milestones on a record-setting spree on April 26, when the Sensex closed above the 30,000- mark for the first time in its history, while the Nifty too scaled a lifetime high, buoyed by unabated fund inflows and a global rally.

"The Indian market is on a confirmed uptrend and is a positive for new buys," William O'Neil President Steven Birch told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)