Hi , here I am starting a small segment on sector movement , which one can take a look to it , and aim to focus only on focused sector , this will avoid one to keep running around the entire market .
Aim is to again to make focused , I just follow only those sectoral stocks which are showing the strength , so it helps to rotate the sector .
So , exit the weak sector and Enter the sector which is showing the strength , that helps me to rotate the sector .
CNXPHARMA sector which currently on weekly timeframe looks to can be the next sector , its following the strong , pattern of higher high and lower high , currently it came to test the support and small rejection is taking place .
Relative strength is positinve , which clearly shows that the sector is outperforming the INDEX NIFTY .
A small cross in MACD in postive direction can set the sector in strong movement position .
Another Sector that I am looking is Edible Oil sector .
the sector , had given a strong move up , and currently due to market weakness it has gone into consolidation , along with that , the consolidation is at the support level , which is getting more interested .
Relative Strength is positive , showing the sector is outperforming the INDEX .
I am waiting for the MACD to cross over in positive direction , to get clear idea of the sector movement .
The other sector that is complimenting the PHARMA sector is = HEALTHCARE SECTOR
when PHARMA + HEALTH CARE SECTOR is combining is telling a strong story , we say that
HOSPITALS + LABS +MEDICINE sector can see a good bounce .
currently NIFTY is not in favour , giving us the mix sentiments
its better to wait for the NIFTY to stop falling make a base and look for strong HELATH CARE and PHARMA sector to INVEST
NIFTY as on today on weekly bases has given a down crossover as per the YTASYSTEM , also the MACD has gone weak .
this is the clear indication that one should focus on more of external learning then investing as there is going to be difficult to invest mode , the sentiments are weak , one should avoid investing in such market condition if you are a momentum investor .
if you are a value investor its a totally different thing .
from YTA side , we will stop investing , and hold all the stocks with tight stoploss and wait for the markets to make some base .
