Last Week all the sectoral indices rallied with Nifty itself up 4%. This was more of the Budget rally we witnessed.
Since the recovery more or less stalled at Feb highs indicates that the market trend is bearish.
The color of most of the sectors though still remains in Lev Sell or Sell mode.
Not a single sector is in Neutral or Buy mode.
The Bank Nifty and BSE Bank Index is now in Sell mode recovering from Lev Sell mode.
Here is the complete sectoral picture.
Since the recovery more or less stalled at Feb highs indicates that the market trend is bearish.
The color of most of the sectors though still remains in Lev Sell or Sell mode.
Not a single sector is in Neutral or Buy mode.
The Bank Nifty and BSE Bank Index is now in Sell mode recovering from Lev Sell mode.
Here is the complete sectoral picture.
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