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Today's Summary
Tuesday, April 27th, 2021
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NIFTY 50
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14,653.05
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1.16%
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SENSEX
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48,944.14
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1.15%
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METAL
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4,659.25
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2.71%
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FMCG
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34,009.35
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0.42%
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GOLD
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47,508.00
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0.10%
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USDINR
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74.64
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0.19%
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Here are the best charts, articles, and ideas being shared on the web today!
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Today's Chart of the Day was shared on Twitter by Anosh Mody ( @anoshmodyy). It's a daily ratio chart of Nifty PSU Bank vs. Nifty 50 over the past two years with the RSI indicator in the lower pane. Anosh points out that the ratio is retesting the inverse head and shoulder breakout zone and currently lies above the 200-day moving average. Additionally, positive momentum divergence foreshadows less downside and bullish reversal. As Nifty Bank index gaining its strength, look out for the lousy counterpart of the banking sector.
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Quote of the Day
“It doesn't matter how bright a person is. If they don't understand the risk emanating from what they are doing, if they are not suitably regulated & if greed overtakes them, it is inevitable that one sees disasters, because in the end systems are much more powerful than individuals. ”
– N.R. Narayana Murthy
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