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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