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Market Watch: Assessing the Possibility of an Impending CrashThe financial sector has been experiencing a persistent underperformance, notably reflected in the contrasting trends of Banknifty and Nifty. While Nifty has been consistently marking higher highs, indicating positive momentum, Banknifty/Nifty Ratio Chart, on the other hand, is showing a pattern of forming lower highs. This ongoing divergence between the two indices raises a red flag, signalling potential concerns for market participants. Such a disparity in performance suggests a lack of uniformity in the financial landscape, prompting investors to closely monitor and assess the underlying factors contributing to this divergence. Understanding these trends becomes crucial for making informed decisions in the face of the evolving market dynamics. Investors should closely monitor Nifty for potential immediate tops, especially examining bearish momentum divergence for confirmation. This analysis is crucial for gaining insights into evolving market sentiment and making informed decisions amid potential risks.
NSE:BANKNIFTYShort
by breakout_ninja
Market Internals still Under Pressure!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 up) by Heavyweights that make up approx. 50-60% of Nifty 50's Weightage while Under the Hood Selling in Rest of the Market will continue as the ones which are in Down Trends are unlikely to see a Trend Reversal Nifty 50 will Deceive you into thinking it is a Bull Market while the Market Internals suggest otherwise! (Note: This is an update to an Old Related Idea titled: 'Market Internals suggest WEAKNESS' but for some reason Trading View platform is not allowing me to update that Idea with this updated Chart I have prepared. Hence, I have created this as a Separate Post)
NSE:CNX500Short
by T_Harth
TITAN- Relative Strength says SELL!Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023 The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index Today Titan is also One of the Top Losers from the Nifty 50 Index Top 20 Heavyweights So as they Sell Weakness and Buy Strength Hence, Look for Short Opportunities in Titan
NSE:TITANShort
by T_Harth
3
Market Internals suggest WEAKNESSCNX500 Relative Strength Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023 - I am watching this Ratio Chart to turn down after Retesting a Confluence Zone - Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern - It signals Weakness in the Broad Market relative to the Index. - This Chart had Topped out in Sept 2022 and since then there has been Under the Hood Selling in the Market. This is a Leading Indicator of the Broad Market Strength/ Weakness And comes under the Study of Intermarket Analysis
NSE:CNX500Short
by T_Harth
NIFTY/S&P500 at Trendline SupportWe published our initial idea on NIFTY/S&P500 in Oct'21 where we highlighted the long-term resistance which was at play for the ratio chart. That resistance played its role well and now we are at the diagonal trendline support which was created during Mar'20 fall. This is also the 200DMA as well as 200WMA zone for the ratio. Will the Nifty/S&P500 hold this support and return back up from here? We will be watching the price action and keep this space updated.
NSE:NIFTY
by vipulmehta817