Above chart is nifty vs 52 week new highs minus lows and looking at it we could see that since beginning of 2010 nifty has been making new highs but 52 week new highs minus lows are making lower highs which indicate weakning broader market and this point was brought to my notice by sunil ji of
timamo .
Hi Renu,
ReplyDeleteThere is one point to note - there are 178 stocks which are within 5% of their 52 week highs.This means that stocks which made their 52 week highs in say April,have corrected along with the market and have yet to come back up to their earlier levels.
So along with the number of stocks making 52 week highs, we must keep a track of how many stocks are within say 3% or 5% of their 52 w highs.
Lastly, if you want to get rid of the negative sign in your data, add 1000.
Thanks,
ss
Thanks ss ji.
ReplyDelete