Market action may suggest “All is well” based on the performance of “B” Group stocks movement in the past few days. But underperformance in Nifty 50 indicates a sign of a major warning. The Indian markets have a history to replicate movement in US Banks with a lag effect of 15 days and some of the giant US Banks namely Goldman Sachs are already showing signs of a major breakdown.

The weekly spread chart of the Nifty 50-NIfty 500 Index also collaborates with this warning, with price data showing aggressive shorting in Nifty futures for hedging broader portfolios. A Breakdown in the Spread of the Nifty 50-NIfty 500 Index would trigger algo selling in Indian markets which may force Nifty 50 well below 17,000 in a quick span of time. The crucial levels to watch in Nifty futures would be 19,265 for opening short positions.

Facebook: ⁠⁠⁠⁠https://www.facebook.com/fintooapp/ ⁠⁠⁠⁠

Insta: ⁠⁠⁠⁠https://www.instagram.com/fintoo.app/⁠⁠⁠⁠

LinkedIn:⁠⁠⁠⁠http://bit.ly/Fintoo_linkedIn⁠⁠⁠⁠

Twitter: ⁠⁠⁠⁠https://twitter.com/FintooApp

⁠⁠⁠⁠Blog: ⁠⁠⁠⁠https://www.fintoo.in/blog/