i have seen the major sectors, and major blue chip stocks, there charts, based on there current positions, and those particualr sectors and stocks's weightage, i have come up with nifty's shorting.
NIFTY WILL FALL ABOUT 2.5-3%. since its been a little overvalued, it needs to get a correction. now recently it gave its ATH, and a pullback from it, there on, its been a little overvalued to touch that particular point. now it needs a time to get rest, and be volatile in nature, then it will again resume its rally.
one more point to just add on: US MARKETS, are yet too volatile, and they are nearly to be bearish in nature, recently S&P indices could not break the lower low pattern. yet, this could worry the INDIAN MARKETS. and top of that nifty it is already seen it, woth a red candle given past week.
i will show a small concluding analysis of what sectors and stocks i had selected to short the nifty, as i ws mentioning earlier. (i will mention the once which are majorly in fall, and supporting nifty to rise)...
SECTOR ANALYSIS-
BANK NIFTY: 7% FALL
NIFTY FMCG: 7% FALL
NIFTY ENERGY: 4.5%(approx) FALL
NIFTY METAL: 12% FALL
NIFTY IT: could fall 2%, then move upward about 10-15%
STOCKS ANALYSIS-
RELIANCE: COULD FALL 3%, BUT THEN NEEDS TO MOVE ABOUT 10% UPWARD
HDFC BANK: YET 10% UPWARD MOVE IS PENDING...
ICICI BANK: 10% FALL
INFOSYS &TCS- COULD FALL 3-4%, THEN MOVE ABOUT 10-15% UPWARD
KOTAK FALLING 6%.
i see major secotrs like bank nifty and fmcg, being overvalued, and needs correction, and nifty it being undervalued, a big move still not completed.
other sectors like pharma, fin serv &auto to be neutral, being volatile.
nifty metal is in crucial stage, since it has just given a pullback, but yet needs to be conformed by its further moves, but most probably it needs correction.
i will slowly bring analysis on nifty mid and small caps too, and other imp stocks to get covered, and there further moves.
NIFTY WILL FALL ABOUT 2.5-3%. since its been a little overvalued, it needs to get a correction. now recently it gave its ATH, and a pullback from it, there on, its been a little overvalued to touch that particular point. now it needs a time to get rest, and be volatile in nature, then it will again resume its rally.
one more point to just add on: US MARKETS, are yet too volatile, and they are nearly to be bearish in nature, recently S&P indices could not break the lower low pattern. yet, this could worry the INDIAN MARKETS. and top of that nifty it is already seen it, woth a red candle given past week.
i will show a small concluding analysis of what sectors and stocks i had selected to short the nifty, as i ws mentioning earlier. (i will mention the once which are majorly in fall, and supporting nifty to rise)...
SECTOR ANALYSIS-
BANK NIFTY: 7% FALL
NIFTY FMCG: 7% FALL
NIFTY ENERGY: 4.5%(approx) FALL
NIFTY METAL: 12% FALL
NIFTY IT: could fall 2%, then move upward about 10-15%
STOCKS ANALYSIS-
RELIANCE: COULD FALL 3%, BUT THEN NEEDS TO MOVE ABOUT 10% UPWARD
HDFC BANK: YET 10% UPWARD MOVE IS PENDING...
ICICI BANK: 10% FALL
INFOSYS &TCS- COULD FALL 3-4%, THEN MOVE ABOUT 10-15% UPWARD
KOTAK FALLING 6%.
i see major secotrs like bank nifty and fmcg, being overvalued, and needs correction, and nifty it being undervalued, a big move still not completed.
other sectors like pharma, fin serv &auto to be neutral, being volatile.
nifty metal is in crucial stage, since it has just given a pullback, but yet needs to be conformed by its further moves, but most probably it needs correction.
i will slowly bring analysis on nifty mid and small caps too, and other imp stocks to get covered, and there further moves.
