Wednesday the 4th Sept, 2019 we went long in BNF in 27170 and are holding the same for 5th Sept. At lower levels buying has emerged and let us see how market behaves now.
(This newsletter you can always find at the blog at 4 pm after market hours.)
The track record is in below table.
The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are 30% of stocks which are above support and 70% stocks are below support. When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. Just for your information the cash stocks percentage has been below 50% for majority of the time in last 5 months. This percentage when comes below 10%, we consider the markets as quite oversold and when it is above 90% as quite overbought. Here we also have to see the broad trend of US markets.
In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.
Thanks.
neera@crnindia.com
(This newsletter you can always find at the blog at 4 pm after market hours.)
The track record is in below table.
The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are 30% of stocks which are above support and 70% stocks are below support. When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. Just for your information the cash stocks percentage has been below 50% for majority of the time in last 5 months. This percentage when comes below 10%, we consider the markets as quite oversold and when it is above 90% as quite overbought. Here we also have to see the broad trend of US markets.
In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.
Thanks.
neera@crnindia.com
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