We track ratio of BSE Sensex/Dow Jones to understand India's relative out/under performance in global market.Ratio is statistical measure against normal intuition based judgement to understand out/under performance. Dow is proxy for Developed market so we think this is good ratio an Analyst must track. Some of our friends give more importance to Defty/Dow Jones Ratio which is Indian market (Nifty) performance relative to Dow Jones in Dollar terms.
We below attach last 9 years Ratio of Defty/Dow Jones.
No need to mention Indian market is currently under-performing Dow and has broken key supports and looking at current setup looks like Defty is headed for 0.21 times DOW from current 0.24 times Dow before we see any uptrend in Indian Market?
We below attach last 9 years Ratio of Defty/Dow Jones.
No need to mention Indian market is currently under-performing Dow and has broken key supports and looking at current setup looks like Defty is headed for 0.21 times DOW from current 0.24 times Dow before we see any uptrend in Indian Market?
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