Nifty500 is mainly used for analysing the Market breadth.
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- We look at the various phases of the market: Bullish, Bearish & Sideways,
- We can understand how the Momentum charts give an early warning / indicator for a particular phase in the market.
- Presently, the market has given a signal that the current Bullish phase is going to get weaker, but we are not yet Bearish.
- The Bullishness is going to continue, but in a stock specific manner only.
- I'm expecting a sideways market with a slight upward slope.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.