RRG Charts – CNX Commodities and CNX Metal likely to Underperform in Medium Term

RRG Charts – Weekly frequency suggests that CNX Commodities and CNX Metal index might underperform the benchmark index Nifty 50 as the falling momentum and falling into the weakening quandrant suggests that cyclical underperformance is further due in the medium term. However CNX IT which enters the leading quandrant could outperform despite all the negative news surrounding H1B visa regulation tightening.

CNX Infra is the other sector which enters leading quadrant this week.

0 comments… add one

Leave a Comment