Technicals for week ending – 9th April 2017.

Note : This is not a recommendation and I am not a registered analyst, these are just data points and an assessment of the positives and negatives from a longer term point of view.

Nifty Weekly

Chart 1 Nifty support zone for longer time frame comes in at 8900-9000 – which is also a gap zone.

Chart 2 Nifty & all indices except Pharma are above their 40-week MA.

Chart 3 Nifty-Bond ratio is above its 40-week MA.

Chart 4 Longer term intermarket strength continues in Energy BUT Metals lost rank 2 to Realty index. Keeping an eye on Infra.

Chart 5 Avg. & Median distance of all sectors from their 52 week closing highs is at -2.8% & -0.1%

Chart 6 On net basis FII are long in index futures but number of net long contracts decreasing since beginning of April series – Possible pause for near term.

Sector Momentum Update

Updating the short-term momentum model for the week ending 9^st April 2017.

Monthly Update

Updated figures for the equity-bond rotation models as on end March’17.

I first wrote about these here:

Sector Technical Analysis: Buy & Rotate

Sector Technical Analysis: The Simple strategy…

The moving average model switched to Nifty total returns index end January 2017

The Momentum model switched to Nifty total returns index end February 2017

Stats:

Technicals for week ending – 17th March 2017.

Note : This is not a recommendation and I am not a registered analyst, these are just data points and an assessment of the positives and negatives from a longer term point of view.

Nifty Weekly

All the basic filters/scans indicate a positive environment. Nifty, Bank-Nifty, Mid & Small cap indices are in all time high territory – hence no point standing in front of a fast moving train and try and catch the top.

Chart 1 Nifty & all indices except Pharma are above their 40-week MA.

Chart 2 Nifty-Bond ratio is above its 40-week MA.

Chart 3 Longer term intermarket strength continues in Metals & Energy. Auto has lost a lot of relative strength.

Chart 4 Avg. & Median distance of all sectors from their 52 week closing highs is at -2.4% & 0%

Chart 5 FII remain long in Index futures. 

Sector Momentum Update

Updating the short-term momentum model for the week ending 31^st March 2017.