#WeeklyIndexCheck CW45/2022
Market Quadrant:
⦿ Trend: Confirmed Uptrend
⦿ Momentum: Positive & improving
⦿ Breadth: Marginally worse
⦿ Bias: Bullish
⦿ Swing Confidence: 75
Market Quadrant:
⦿ Trend: Confirmed Uptrend
⦿ Momentum: Positive & improving
⦿ Breadth: Marginally worse
⦿ Bias: Bullish
⦿ Swing Confidence: 75
Trend
⦿ Most indices are in a confirmed uptrend.
⦿ Among major indices, Smallcap & NiftyJr are still in uptrend under pressure.
⦿ Media & Pharma are in a confirmed downtrend.
⦿ IT & Energy are in a rally attempt.
⦿ Most indices are in a confirmed uptrend.
⦿ Among major indices, Smallcap & NiftyJr are still in uptrend under pressure.
⦿ Media & Pharma are in a confirmed downtrend.
⦿ IT & Energy are in a rally attempt.
Momentum
⦿ Most major indices (including Nifty, NiftyJr, Banknifty & CNX500) have positive & improving momentum.
⦿ Smallcap & Midcap still have positive but worsening momentum.
⦿ Consumption, Auto & FMCG have negative & worsening momentum.
⦿ Most major indices (including Nifty, NiftyJr, Banknifty & CNX500) have positive & improving momentum.
⦿ Smallcap & Midcap still have positive but worsening momentum.
⦿ Consumption, Auto & FMCG have negative & worsening momentum.
Swing
⦿ Nifty is in Confirmed Upswing, while Smallcap is in upswing under strain.
⦿ Swing Confidence is 75. Long-only swing traders would be 75% invested, with 25% in cash.
⦿ Most indices are either in a confirmed upswing, or upswing under strain.
⦿ Nifty is in Confirmed Upswing, while Smallcap is in upswing under strain.
⦿ Swing Confidence is 75. Long-only swing traders would be 75% invested, with 25% in cash.
⦿ Most indices are either in a confirmed upswing, or upswing under strain.
Breadth
⦿ Market breadth marginally worse on all timeframes.
⦿ Intermediate timeframes yet to give a fresh buy signal.
⦿ Higher timeframes stay bullish.
⦿ Market breadth marginally worse on all timeframes.
⦿ Intermediate timeframes yet to give a fresh buy signal.
⦿ Higher timeframes stay bullish.
Bias
Overall, the market is bullish for 17th consecutive week, as the number of stocks up 25% plus in a quarter stays greater than that down 25% plus in a quarter.
The ratio between the two is the primary breadth ratio, which is now 3.5.
Overall, the market is bullish for 17th consecutive week, as the number of stocks up 25% plus in a quarter stays greater than that down 25% plus in a quarter.
The ratio between the two is the primary breadth ratio, which is now 3.5.
That’s all for this week. If you'd like to read this as a newsletter, find it here:
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