NIFTY
CNXMIDCAP
CNXSMALLCAP
Diverging for couple of days. Ideally the broad market shall start picking up. While Nifty is getting selling pressure near the Highs today. Midcap and Smallcap Index getting buying near support zone.
Midcap and Smallcap shall start picking up from here on.
The Broader Market Indices must converge with the Mainstream Index Nifty 50.
Inter-market Divergence is not sign of healthy trend. Longer the time the divergence prevails it leads to trend reversal.
As Nifty and Bank Nifty are near the Highs along with other Indices. Broader Market Indices and stocks shall pick up the trend now.
Commentaire:
Intermarket Divergence Continues. This is certainly unhealthy sign.and cause of concern. Broad Market must perform or else Nifty shall start declining. Keep watching.
Commentaire:
Nifty Finally started falling in tune with broad market.