There is no major change in trend in the Indian sectors. The main color remains red only.
Nifty itself was in Lev Sell mode last week and is still continuing the mode.
There are only 4 sectors among all which are still not in Lev Sell mode and only IT sector in Neutral or Buy mode.
The sectoral observations:
1. Auto index is now in Lev Sell mode after 2 weeks of sell mode.
2. The IT indices are now in Neutral for CNX IT and Buy for BSE IT. The difference is due to there composition.
3. The BSE Teck index is now in Sell mode and the color is getting to red from last 3 weeks.
4. The major losers were FMCG, Realty, IT and Auto Index.
5. The Metal, Oil & Gas, PSU and Caps good being in Lev Sell mode were flat to +ive signalling to show divergence. Need to keep a watch on these indices.
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.
Nifty itself was in Lev Sell mode last week and is still continuing the mode.
There are only 4 sectors among all which are still not in Lev Sell mode and only IT sector in Neutral or Buy mode.
The sectoral observations:
1. Auto index is now in Lev Sell mode after 2 weeks of sell mode.
2. The IT indices are now in Neutral for CNX IT and Buy for BSE IT. The difference is due to there composition.
3. The BSE Teck index is now in Sell mode and the color is getting to red from last 3 weeks.
4. The major losers were FMCG, Realty, IT and Auto Index.
5. The Metal, Oil & Gas, PSU and Caps good being in Lev Sell mode were flat to +ive signalling to show divergence. Need to keep a watch on these indices.
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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