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.
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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