If you are a long term investor then still time to be cautious but keep eyes open.
The nifty 50 appears to go lower on beta rankings.
Relative to other instruments in the 8 major global equity indices asset class, nifty 50 ranked 3rd since the day prior in terms of percentage price change.
If you want to invest in stock market, invest in nifty 50 / sensex 30 companies.
On a relative basis, nifty 50 was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
I.e reliance-12%, hdfc – 10% weitage in nifty, so according combine all 50 stock volume as nifty 50 vol.
Nifty 50 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday.
Then, in memorable words of forbes, they were taken out & shot 1 by 1.
Sundar, i’m a retired person n investing in shares of nifty 50 for long term.