Nifty 50 - Modified Dow Theory

Reading it: a red arrow marks a confirmed swing top, a green arrow a swing bottom - each one a 4% reversal that also spanned more than 31 days. Hover anywhere for the date, index level and PE ratio. The latest swing may still be forming (see the banner). The table pairs each bottom with the following top and shows the up-cycle's length and gain. Mechanical model for study only - not investment advice.