Attached: Nifty Small Cap 100/ Nifty 50 Daily Live Market Chart
A Possible Trend Change in this Ratio as there is Breakout
And now Small Caps are set to Outperform Large Caps for the coming few weeks
This is Risk On behavior, something has clearly changed on this Chart
Attached: Glenmark/ Nifty 50 Weekly Chart as of 31st March 2023
This Relative Strength (Ratio) Chart clearly shows the Outperformance of Glenmark over Nifty 50 has Started!
The Ratio Chart has given an Inverted Head & Shoulders Breakout with this Week's Candle Close
If you compared Glenmark and Nifty 50 both on a Year To Date basis for 2023, then we...
While NSE:NIFTY has made new low as compared to Dec 22.
NSE:CNXMETAL Index has not broken the Dec 22 lows.
This Inter Market Divergence again signalling strength in Broad Market stocks.
Historically it leads to Bullish trend reversal.
NSE:NIFTY and NSE:CNXAUTO are showing Inter market Divergence again.
Last time Divergence occurred in June 2022 when Nifty gave reversal. Will the Divergence work again.
Chance are High. We need to wait for follow up Buying though.
Inter Market Divergence btwn CURRENCYCOM:OIL_CRUDE and NSE:NIFTY suggesting we are nearing the end of corrective phase.
A Bullish Trend reversal likely ahead. As per Elliott Waves and Inter Market Analysis.
Classic dow theory states that a new low in one index not confirmed by others indicates a potential trend reversal on cards. Nonconfirmation amounts to inter-market divergences that are bullish or bearish. In this situation, the new low in bank nifty today over the last few days is not confirmed by the Nifty. Even more, the outperformance of the Midcap 100 index...
The two Indices Dow and Nifty have moved in opposite directions for months Now or most of 2021 and that pattern continues. So it comes no surprise to me that we are up and the Dow is down on this chart.