CNX500 Relative Strength
Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st April 2023
This Ratio Chart is NOT supportive of a Bull/ Risk On phase for the Broad Market. The 500 stocks are likely to Underperform while the 50 stocks are likely to Outperform.
What does this mean you ask?
In simple Layman terms,
it means Index Nifty 50 will be MANAGED (propped...