Above is a look at some of the world markets. Nifty is a leader but the irony is that the weekly chart of Nifty is weak compared the S&P 500 as the later is way above its 40 week average. See below:
The indexes donot reflect the market breadth, indian mid caps and small caps have been butchered, wherein in US, 80% of sectoral indexes reached a new high Indian nifty can be misleading
2 comments:
The indexes donot reflect the market breadth, indian mid caps and small caps have been butchered, wherein in US, 80% of sectoral indexes reached a new high
Indian nifty can be misleading
Yeah, that's true. I'm also expecting Nifty to test lower levels.
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