Daily Nifty Chart
Daily Bank Nifty Chart
Daily SBI Chart
Under/Out Preformance comparing retracement levels of the rise from March 2009 levels and status with their 200 dema of the Bank Nifty, Nifty and SBI..
- SBI has closed below the 38.2% retracement level of rise from March 2009, in comparison to the Bank Nifty's close at 28.73%.
- Bank Nifty has corrected 21.54% from it's all time highs and SBI 28% !! So SBI is underperforming the Bank Nifty.
- Bank Nifty and SBI are both clearly underperforming the Nifty. Bank Nifty and SBI are already below their 200dema whereas the Nifty has just touched it's 200dema on friday and closed above it.Nifty has corrected just 16.76% of the rise from March 2009!!
ICICI Bank
Reliance Industries
Larsen & Toubro
- ICICI Bank,Reliance Industries and L&T have been underprforming the Nifty having failed to make a higher top and already trading below their 200 demas.
HDFC Ltd.
HDFC Ltd is outperforming the Bank Nifty in %age fall terms and has just about moved below it's 200 dema.
HDFC Bank
HDFC Bank too is slightly outperforming the Bank Nifty in %age fall terms .
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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