Indian Market

Indian Market:

Market (Nifty 50):- Long term and medium team bullish but short term sideways + At resistance once its crossed the good for market.

Primary Sector:-

Bank Nifty: -

1. Monthly:- RSI above 60 with at CIP and near 60 support but its also has bearish diversion 2. Weekly :- taken support of 20 MA but RSI sideways

3. Daily:- Sideways + 20 MA resistance

So we need to wait for clear sign of market

Secondary Sector:-

1. IT:-

Monthly:- Above 60

Weekly:- Above 60 but has at resistance

Daily:- Above 60 but has at resistance

2.Pharma:- All RSI above 60 but on daily has multiple bearish diversion once its will go below 60 then we can short

3. Metal:- All 3 RSI above 60 + PRD on weekly

4. Auto:- All 3 RSI above 60 + PRD on weekly

Energy:- All RSI above 60 + All time high, Best sector

6. FMCG:- Long term and Medium term up trend but on Monthly has bearish diversion + Daily at 40 and Weekly at 60

7. Fin services :- Monthly below 60 + CIP

Weekly :- at 20 MA support but sideways

Daily :- Sideways its has bullish diversion + Range shift but 20 MA resistance

8. Realty:- All RSI above 60 ,Good sector

9. PSU Bank:- All RSI above 60 ,Good sector

10.Media:- Sideways sector

Monthly:- at M pattern

Weekly :- Bearish pattern + M pattern

Daily:- Below 40 + at support

11. Infra:- All time high + All 3 RSI above 60 .. Bullish sector

12. Private Bank:- Monthly above 60 + at CIP and Weekly sideways + 20 MA resistance

Daily sideways + 20 MA resistance + at 40 support

Note:-

Conclusion :-

Top Sector for buy Next week:-

1.Realty

2.PSU Bank

3.Energy

4.INFRA

Top Sector for Sell Next week:-

1.Nifty Media
2. Nifty Private bank
3. Nifty Finance services

Note:- Metal and Auto are also showing good progress ..