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Viewing report
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Alpha India Indices - BSE FMCG versus NIFTY
Orpheus Capitals, June 2011, Pages: 7
BSE FMCG versus NIFTY
BSE FMCG made a new minor high while most of the Indian indices were correcting down. We plotted the relative performance between NIFTY and BSE FMCG and the structure looks like a potential head and shoulders reversal (slide 1). This means that NIFTY should continue to underperform FMCG and, even if FMCG has not topped yet, the blue chip index could continue to push lower. Today’s Alpha India report also carries technical cases on BSE FMCG (slide 2), NIFTY minor and subminor (slides 3 and 4) and NSEBANK (slide 5).
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