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Charts & Analysis

Indian Market Snapshot: 13 Jul 2011

In an evening inspired by dshort.com’s Market Snapshot, I decided to do something similar for the Indian Market (Nifty) – a retracement and surge demonstration of the market move since end-2007.

Nifty Snapshot

(Click for a larger image)

I’ll post this every couple of days or so. I know it looks VERY similar to what Doug has done and therefore design credits are all his. I wanted to reflect the information in the most intuitive manner and Doug has it down pat. I’ll try and improve on these charts for India, adding for instance, P/E bands and some commentary, but this chart should give you an idea of where we are.

Incredibly, we have not had a 20% decline from the nearest high since March 2009. Before 2007, we had a 30% decline in 2006, and a similar one in 2004 (and before that it was a bear market anyhow). It’ll be useful to chart the longest time since a deep decline (20% or more) – that, on another day.

Tell me what you think!

  • Hemant says:

    Awesome chart Deepak – will love to see it with PE bands. And if possible with what financial experts were saying at that particular time – you can find them in archives of moneycontrol. 😉