Saturday, January 29, 2011

Market Indices

This is a post to bring the structure of the Market Indices ,which represent and form the major constituents of the overall Market. All the Indices are trading below their 200dma mark (which represents the Line of Control between Bulls and Bears) barring CNX IT. 


Bank Nifty



CNX 500



CNX Midcap



Nifty Midcap 50



CNX Defty



And the Lone Ranger ,CNX IT


The above charts clearly define the overall Market Structure . Midcaps have been clearly the worst hit and IT the least. Bear Market is starring us in the face.

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