Market overview
As we see overall Indian market is being negative.
1) The structure of nifty 500 is not good.
2) Nifty 50 is already broke inverted head and shoulder pattern.
3) Banknifty structure is little better but having low high structure.
4) Mid cap better than nifty 50.
5) NityIT is showing strength. it has already breakout its all time high and retracing back on 50EMA.RS is also positive.
6) Niftypharma is also breakingout from 50EMA RS is positive. mid cap better than nifty 50
7) Smallcap is showing strength. It has moved above its all time high and retracting back on 50EMA.
1) The structure of nifty 500 is not good.
2) Nifty 50 is already broke inverted head and shoulder pattern.
3) Banknifty structure is little better but having low high structure.
4) Mid cap better than nifty 50.
5) NityIT is showing strength. it has already breakout its all time high and retracing back on 50EMA.RS is also positive.
6) Niftypharma is also breakingout from 50EMA RS is positive. mid cap better than nifty 50
7) Smallcap is showing strength. It has moved above its all time high and retracting back on 50EMA.
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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.