Note : This is not a recommendation and I am not a registered analyst,
these are just my observations and an assessment of the positives and negatives
from a longer term point of view.
Nifty Weekly
Wow
! what a bombshell we got this week. Trump + the currency news. Well that
leaves a lot of charts damaged -
Chart 1 PE ratio still above 20
Chart
2 Nifty/Bond ratio below its 40
week moving average & momentum wise too - bonds are now outperforming
Chart
3 Avg &
Median distance of sector indices from their 52 week closing highs took a
beating
Chart
4 Many sector Indices below their 40
week moving average
Chart
5 In terms of intermarket
strength Realty got beaten down from the top spot to near bottom within a week
!
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