Just a quick post on Sectoral Indices.
Nifty Smallcap 100 – Back to Pre Covid. Buy away from 2 year highs.
Nifty Pharma – Triangle. More consolidation before next move ?
Nifty Mid 100 – 2 year highs.
Nifty Metal – Time for a pause 2 year resistances.
Nifty Media – Can be a surprise. Struggling but in a box for last few days. Keep on close watch for price action. Zee above 220, Sun tv above 440 .
Nifty IT – Holding on – Time for some consolidation.
Nifty CPSE – The biggest contrarian bet of 2021. Back again at the resistance. ( Disclosue – Biased )
Bank Nifty – Testing Covid gap down.
Nifty AUTO – Breakout done.. Will blow out or do a retest ?
Nifty PSU Bank – 4th Attempt. Can it breakout
Nifty50USD – The chart to keep on radar for coming years – A lot of flip flops can happen but should eventually breakout.
Look how Tops act as resistance. 2010 tops acted as resistance in 2015. All through 2018-2020 Nifty made new tops but not Nifty50USD.
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