India sectoral color can give a sense of flow which can be used for positioning.
The update is as of 4 Jan eod and are based on weekly charts which are less volatile than daily charts.
This means that the weekly color has more significance than daily color.
Key observations:
1. BSE FMCG index is now in weekly Lev Buy mode which was triggered on Friday 31 Dec.
2. BSE Metal is also in Lev Buy mode.
3. Both the FMCG and Metal Index changed from Neutral to Lev Buy mode which assumes more significance and can be bot on first change of color.
4. Nifty changed to Lev buy from Neutral and has been updated regularly here in this blog.
5. PSU, Midcap and Small cap are in Lev Sell mode. The PSU Index has been in sell mode from 19 Nov.
Color view.
The update is as of 4 Jan eod and are based on weekly charts which are less volatile than daily charts.
This means that the weekly color has more significance than daily color.
Key observations:
1. BSE FMCG index is now in weekly Lev Buy mode which was triggered on Friday 31 Dec.
2. BSE Metal is also in Lev Buy mode.
3. Both the FMCG and Metal Index changed from Neutral to Lev Buy mode which assumes more significance and can be bot on first change of color.
4. Nifty changed to Lev buy from Neutral and has been updated regularly here in this blog.
5. PSU, Midcap and Small cap are in Lev Sell mode. The PSU Index has been in sell mode from 19 Nov.
Color view.
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