Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, January 16, 2011

Underperforming -Outperforming

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!!


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 is outperforming the Bank Nifty in %age fall terms and has just about moved below it's 200 dema.


HDFC Bank too is slightly outperforming the Bank Nifty in %age fall terms .

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Happy Trading !!
Lakshmi Ramachandran

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