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Viewing report
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Alpha India Indices - NIFTY: Weekly Jiseki Turns Up
Orpheus Capitals, July 2011, Pages: 8
Integrated rankings
The market bias remains positive now that NIFTY looks ready to break true trendline resistances at 5,700 levels. Both weekly and daily Jiseki cycles confirm our view with positive crossovers. A break here would further confirm that the intermediate correction down is complete. This also means that a new intermediate high above 6,350 levels is not out of the question. The chart below depicts the integrated weekly (blue) and daily (grey) ranking of the Indian indices. On the daily basis, BSE Consumer Durables, BSE Auto and CNXIT are the best, while NIFTY VIX, BSE Realty and BSEOIL are the worst. On a weekly basis we have BSE Capital Goods, BSE Healthcare and BSEOIL at the top and BSE Power, NIFTY VIX and CNX 100 at the bottom of the rankings. Enjoy the latest Alpha India Indices.
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