The Two Most Important Charts In India

JC Perets writes…..The Bottom Line: The major Indian indices extended their losses late last week, with many of them closing at or below our tactical risk management levels on the long side. Despite the sector rotation we’re seeing under the surface, the dominance of large-caps continues to suggest a lack of risk appetite and weakness in the largest sector, Financials, continues to drag the market lower. Until we see stabilization in these two charts, we’re unlikely to see a resumption of the Nifty 500’s structural uptrend.





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