The bull run continues with the leaders going up everyday. The beauty of any bull run is the fact that there are new leaders everytime. In the last rally, the leaders were IT and some pharma. Now it is manufacturing and old economy sectors like cement, ports, housing, engineering etc.
In an economic revival the first sector which is off the block is Auto and if the revival is sustained then housing and construction starts to do better. The same is playing out perfectly. For any decent sized country, housing is the biggest indicator of economic revival.
In an economic revival the first sector which is off the block is Auto and if the revival is sustained then housing and construction starts to do better. The same is playing out perfectly. For any decent sized country, housing is the biggest indicator of economic revival.
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Nifty. The support levels are placed at 17850 and resistance at 18114.
BankNifty. The support is placed at 40200 and resistance at 41000.
Derivative. The data indicates a stretched range. All segments are completely hedged.
Note - we have been going up daily and now is the time to reduce longs and book some profits. At some points either today or tomorrow, we expect a decent dip and don't want to be stuck in it.
Nifty. The support levels are placed at 17850 and resistance at 18114.
BankNifty. The support is placed at 40200 and resistance at 41000.
Derivative. The data indicates a stretched range. All segments are completely hedged.
Note - we have been going up daily and now is the time to reduce longs and book some profits. At some points either today or tomorrow, we expect a decent dip and don't want to be stuck in it.
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