Last week a lot changed in the sectoral trends for India. The major change was in Nifty itself from Buy to Sell mode. Last week's sectoral trend is here.
P.S. The trend is based on weekly time frame as of Friday 4th closing.
Lev Buy and Lev Sell indicates leverage positioning.
I have included price change with the color for the confiramtion.
The major observations are:
1. Nifty trend on weekly is Sell from Lev buy and it was triggered at 5980. Post here.
2. BSE Auto Index, Oil & Gas, Dollex 30 changed to Sell mode now.
3. BSE IT, Healthcare, Metal, Teck and CNX IT are still in Lev buy mode.
Among then only Metal Index closed -4% and the reversal level for buy mode is 16500.
4. Lev Sell Indices --> CNX Infra, Realty, BSE Mid Cap, Power Index, PSU Index, BSE Realty, BSE Small Cap, Nifty Mid cap Index.
Color View
P.S. The trend is based on weekly time frame as of Friday 4th closing.
Lev Buy and Lev Sell indicates leverage positioning.
I have included price change with the color for the confiramtion.
The major observations are:
1. Nifty trend on weekly is Sell from Lev buy and it was triggered at 5980. Post here.
2. BSE Auto Index, Oil & Gas, Dollex 30 changed to Sell mode now.
3. BSE IT, Healthcare, Metal, Teck and CNX IT are still in Lev buy mode.
Among then only Metal Index closed -4% and the reversal level for buy mode is 16500.
4. Lev Sell Indices --> CNX Infra, Realty, BSE Mid Cap, Power Index, PSU Index, BSE Realty, BSE Small Cap, Nifty Mid cap Index.
Color View
No comments:
Post a Comment