Iām back with another tweet series on analyzing the indices of Indian markets. This time with more optimized approach - Data interpretation of Sectorial rotation.
Grab a cup of coffee and check it outš§µLike and retweet to show loveš· @shubhfin @icanseeyourpix2 @SakatasHomma
Grab a cup of coffee and check it outš§µLike and retweet to show loveš· @shubhfin @icanseeyourpix2 @SakatasHomma
Let's start with market breadth of this week vs last week.
OfCourse, there is improvement in market breadth in this week than last week.
More stocks above 20, 50 and 200 DMA indicates uptrend continues giving confidence for further rallies.
OfCourse, there is improvement in market breadth in this week than last week.
More stocks above 20, 50 and 200 DMA indicates uptrend continues giving confidence for further rallies.
Let's talk about Nifty Indices. Small continue to hold the throne followed by public sector companies, Realty and metals for this week.
Let's start with Index analysis with NIFTY -
Nifty hold the most crucial support around 19230. I like to watch how it behaves in next few days to understand broader markets support for swing trades.
Nifty hold the most crucial support around 19230. I like to watch how it behaves in next few days to understand broader markets support for swing trades.
BankNifty -
I don't want to see BNF going down below 43100 to form Head and Shoulder. 44800 level remain key area to watch out.
@shubhfin.
I don't want to see BNF going down below 43100 to form Head and Shoulder. 44800 level remain key area to watch out.
@shubhfin.
Nifty #smallcap -
Small cap and midcap index continues to trade higher and higher. 20 EMA continue to support the channel.
If you think it's extended, then let me add a quote said by John Keynes- "Markets can remain irrational longer than you can remain solvent" @SakatasHomma
Small cap and midcap index continues to trade higher and higher. 20 EMA continue to support the channel.
If you think it's extended, then let me add a quote said by John Keynes- "Markets can remain irrational longer than you can remain solvent" @SakatasHomma
Nifty IT -
I have been very vocal about Nifty IT index and it's early sign on Stage 2 - Uptrend.
Gooo aggressive via Nifty IT bees or Nifty IT index mutual fund.
Added Stock wise contribution of stocks - 50% contribution by TCS and Infy only. @TightXDJ š¤
I have been very vocal about Nifty IT index and it's early sign on Stage 2 - Uptrend.
Gooo aggressive via Nifty IT bees or Nifty IT index mutual fund.
Added Stock wise contribution of stocks - 50% contribution by TCS and Infy only. @TightXDJ š¤
Nifty Metal -
Eyeing for big breakout and that too VCP on bigger base. Sectorial rotation data also support technical.
Eyeing for big breakout and that too VCP on bigger base. Sectorial rotation data also support technical.
Nifty Auto - Back in form.
šš²
šš²
Nifty FMCG -
Complete avoid for me.
Mentioned this distribution 3 weeks ago in index analysis thread.
Complete avoid for me.
Mentioned this distribution 3 weeks ago in index analysis thread.
Nifty Realty -
Technical supporting sector rotation data too.
Technical supporting sector rotation data too.
That's wrap for this weekend.
If you loved analysis and found useful, then like and retweet the first thread for GOOD KARMA.
Follow me @Trading_Tribes for such more analysis.
If you loved analysis and found useful, then like and retweet the first thread for GOOD KARMA.
Follow me @Trading_Tribes for such more analysis.
Tagging for reach - @SakatasHomma @rohits_bn @LearningEleven @finallynitin @Hirengabani23 @soicfinance @suru27 @VCPSwing
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