#WeeklyIndexCheck CW35/2022
Market Quadrant:
⦿ Trend: Uptrend under pressure
⦿ Momentum: Short-term positive but worsening
⦿ Breadth: Nearing overbought levels
⦿ Bias: Bullish
⦿ Swing Confidence: 50
Market Quadrant:
⦿ Trend: Uptrend under pressure
⦿ Momentum: Short-term positive but worsening
⦿ Breadth: Nearing overbought levels
⦿ Bias: Bullish
⦿ Swing Confidence: 50
Trend
⦿ Nifty & Midcap are now in uptrend under pressure.
⦿ Smallcap index is still in a rally atttempt.
⦿ CNX500, NiftyJR & Banknifty stay in a confirmed uptrend.
⦿ Nifty & Midcap are now in uptrend under pressure.
⦿ Smallcap index is still in a rally atttempt.
⦿ CNX500, NiftyJR & Banknifty stay in a confirmed uptrend.
Momentum
⦿ While all indices are still in a positive momentum, it is now worsening in Nifty, CNX500 & Banknifty.
⦿ Long-term momentum will still take time to turn positive.
⦿ No index has negative & worsening momentum.
⦿ While all indices are still in a positive momentum, it is now worsening in Nifty, CNX500 & Banknifty.
⦿ Long-term momentum will still take time to turn positive.
⦿ No index has negative & worsening momentum.
Swing
⦿ Nifty is in a Confirmed Downswing, while Smallcap is in a Confirmed Upswing!
⦿ Swing Confidence is now 50. Long-only swing traders can take selective fresh trades with a 0.5% CAR.
⦿ CNX500, IT & Pharma are in a confirmed downswing.
⦿ Nifty is in a Confirmed Downswing, while Smallcap is in a Confirmed Upswing!
⦿ Swing Confidence is now 50. Long-only swing traders can take selective fresh trades with a 0.5% CAR.
⦿ CNX500, IT & Pharma are in a confirmed downswing.
Breadth
⦿ Market breadth stays healthy & neutral on lower timeframes.
⦿ Intermediate timeframes are nearing overbought levels.
⦿ Higher timeframes are bullish now.
⦿ Market breadth stays healthy & neutral on lower timeframes.
⦿ Intermediate timeframes are nearing overbought levels.
⦿ Higher timeframes are bullish now.
Bias
Overall, the market is now bullish for the 7th consecutive week, as the number of stocks up 25% plus in a quarter stays greater than that down 25%. The ratio between the two is the primary breadth ratio, which is now 17. These levels were last seen in August 2021.
Overall, the market is now bullish for the 7th consecutive week, as the number of stocks up 25% plus in a quarter stays greater than that down 25%. The ratio between the two is the primary breadth ratio, which is now 17. These levels were last seen in August 2021.
That’s all for this week. If you'd like to read this as a newsletter, find it here:
world.hey.com
world.hey.com
Loading suggestions...