In the weekend charts section we have a couple of interesting points we’d like to bring to your notice.
CAPM MA20 Keeps Going Down, But Not Extreme
The Capital Mind MA20 Indicator continues to go down. At Capital Mind this forms the basis for our near term negative strategy. Look carefully at the red line - it’s still above zero.
The CAPM20 is the number of Nifty stocks above their 20 Day Moving Averages minus the number below. This oscillates between +50 and -50, and the . . .