India: Weekly round up
Below post is for educational purposes only, and not trading/ investing advice.
Risk off (small cap/ Nifty) seems to have based for now, but has not seen the same bounce it had seen earlier from similar levels.
Sector churn seems underway where safe haven sectors are seeing buying activity:
FMCG, IT, Pharma, Utilities
Banks seem to have broken down, and so have financial services, as was suspected last week.
Two sectors worth probing: Telecom (after a multi year bear run, telecom index seems have have formed a large rounding bottom). Check Bharti stock.
and
Realty. a Minuscule basing pattern may be forming.
Risk off (small cap/ Nifty) seems to have based for now, but has not seen the same bounce it had seen earlier from similar levels.
Sector churn seems underway where safe haven sectors are seeing buying activity:
FMCG, IT, Pharma, Utilities
Banks seem to have broken down, and so have financial services, as was suspected last week.
Two sectors worth probing: Telecom (after a multi year bear run, telecom index seems have have formed a large rounding bottom). Check Bharti stock.
and
Realty. a Minuscule basing pattern may be forming.
Comments
Post a Comment