Following the Indian Stock Market,Nifty,Sensex and Stocks,by various Technical Analysis Methods for Intraday,Swing and Positional Trading to deploy Personal Finance,Maximize the Profits and Create Wealth.The Blog shares my Nifty Trading Analysis and Trading Strategies. No Tips here.
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.
Nifty Midcap 50
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.