This week there is a major change in the report. While sectors maintained their trend Nifty has come to Lev Sell on weekly charts on break of 5650 levels.
The main observation is the increasing number of sectors being in Lev Sell from 21 Jan and the reducing number of sectors in Lev Buy/Buy mode. The bullishness if any was in a very few sectors IT and Metal mainly. This was surely a warning of waning breadth in broad stocks.
The sectoral observations:
1. From Sell to Lev Sell changes: BSE 500, Bankex, Cons D, Dollex,BSE Metal, CNX 100, Nifty, CNX Bank.
2. New Sell trigger: BSE Healthcare Index.
3. Lev Buy Indices: BSE IT and CNX IT indices. Though the indices are now in buy mode as of Monday morning.
4. The major money loosers were IT and BSE Teck indices (were in Lev Buy and buy mode) lost 2% each.
P.S. The trend is based on weekly time frame as of Friday closing.
Lev Buy and Lev Sell indicates leverage positioning.
I have included price change with the color for the confirmation.
The main observation is the increasing number of sectors being in Lev Sell from 21 Jan and the reducing number of sectors in Lev Buy/Buy mode. The bullishness if any was in a very few sectors IT and Metal mainly. This was surely a warning of waning breadth in broad stocks.
The sectoral observations:
1. From Sell to Lev Sell changes: BSE 500, Bankex, Cons D, Dollex,BSE Metal, CNX 100, Nifty, CNX Bank.
2. New Sell trigger: BSE Healthcare Index.
3. Lev Buy Indices: BSE IT and CNX IT indices. Though the indices are now in buy mode as of Monday morning.
4. The major money loosers were IT and BSE Teck indices (were in Lev Buy and buy mode) lost 2% each.
P.S. The trend is based on weekly time frame as of Friday closing.
Lev Buy and Lev Sell indicates leverage positioning.
I have included price change with the color for the confirmation.
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