- Wealth PMS
The CAPM MA20 continues its way down, and for the first time yesterday we see the index following suit. The MA20, for those of you who don't know is Capital Mind's proprietary indicator, constructed by taking the number of Nifty stocks above their 20 day moving averages, and subtracting from that the number of stocks below their 20 DMAs. The indicator will oscillate between -50 and +50.
Note . . .