Hi friends,
The market broke the support of Sensex 15500 and it is heading towards 14500 now and then 12500 for sure in time to come. The market is bearish. Even gold and silver has broken its trend line now and are sure to decline. Rallies will come but this will not be a sign of market turning bullish, they will be bear market rallies and any rise should be used for shorting or selling and booking profits on investments. Traders should sit on cash and be ready to invest nearing bottom in the fundamentally good scripes.
Sectors to be kept in mind to invest as opportunity comes are FMCG, HEALTHCARE, IT
Sectors to be avoided are BANKING, CAPITAL GOODS, REALTY, POWER, AUTO.
More later,
Good night,
Regards,
Jagruti.
The market broke the support of Sensex 15500 and it is heading towards 14500 now and then 12500 for sure in time to come. The market is bearish. Even gold and silver has broken its trend line now and are sure to decline. Rallies will come but this will not be a sign of market turning bullish, they will be bear market rallies and any rise should be used for shorting or selling and booking profits on investments. Traders should sit on cash and be ready to invest nearing bottom in the fundamentally good scripes.
Sectors to be kept in mind to invest as opportunity comes are FMCG, HEALTHCARE, IT
Sectors to be avoided are BANKING, CAPITAL GOODS, REALTY, POWER, AUTO.
More later,
Good night,
Regards,
Jagruti.
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