Major World Markets to Underperform $SPX

Comparing to the benchmark index SPX500, most of the World Indices like Sensex, DAX, CAC, FTSE, Brazil Bovespa, Shanghai SSEC, Singapore STI and Hang Seng are currently in a weakening/lagging quadrant with declining RS-Momentum which implies that almost every major indices are likely to underperform $SPX in the very short term except Nikkei #RRGCharts

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Kotak Bank Charts with Resistance around 898

Kotak Bank Charts with cluster bubbles indicates that a possible resistance zone is getting built around 898 reference zone and poised for a short term trend reversal.

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State Bank Of India Charts with Resistance Around 297

State Bank of India Charts with cluster bubbles indicates that a possible resistance zone is getting built around 297 reference zone and poised for a short term trend reversal.

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Chart of the Day : Nifty IT and Nifty Pharma Weekly Charts

Nifty IT drops below 200 Weekly moving average last week and currently below 200 Weekly Simple Moving Average post the Infy earning results on last friday and on the other side Nifty Pharma is resting above 200 Weekly Moving Average and holding on to that for the last 4 months. Multiple attempts made in Nifty Pharma to break 200 WMA despite that Nifty Pharma is holding on above 200 WMA.

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S&P500 trailing 12-month P/E ratio is 21.5

S&P500 trailing 12-month P/E ratio is 21.5, above the 10-year average of 16.6. In fact, this marked the highest trailing 12-month P/E ratio for the S&P 500 since February 12, 2010, when the trailing 12-month P/E ratio was 24 On that date, the closing price of the S&P 500 was 1075.51.

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Interesting Charts – RELCAPITAL shows Near Term Weakness

Relcapital(Cash) daily charts sentiment turned negative today. Outside bar is witnessed in todays trading session and made an attempt to close below 4 day low.

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BankNifty Futures Market Profile and Orderflow Charts for 31st MAR 2017

Daily snapshots of BankNifty Futures Market Profile Charts (Normal and Split Version) and Orderflow Charts (8 Range Bar) for 31st MAR 2017

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Nifty Futures Market Profile and Orderflow Charts for 31st MAR 2017

Daily snapshots of Nifty Futures Market Profile Charts (Normal and Split Version) and Orderflow Charts (8 Range Bar) for 31st MAR 2017

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BankNifty Futures Market Profile and Orderflow Charts for 30th MAR 2017

Daily snapshots of BankNifty Futures Market Profile Charts (Normal and Split Version) and Orderflow Charts (8 Range Bar) for 30th MAR 2017

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Nifty Futures Market Profile and Orderflow Charts for 30th MAR 2017

Daily snapshots of Nifty Futures Market Profile Charts (Normal and Split Version) and Orderflow Charts (8 Range Bar) for 30th MAR 2017

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