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Alpha India Indices – Sector review Product Image

Alpha India Indices – Sector review

  • Published: January 2011
  • Region: India
  • 8 Pages
  • Orpheus Capitals

Sector review

Nifty view - Nifty’s minor structure remains negative and we need a break below 5,600 for further minor negative confirmation. The subminor structure looks like a second corrective wave up and, considering the over reactive 60MIN RSI momentum, we don’t expect prices to push higher than 5,800-5,840 at this stage. The Nifty Rieki has topped near previous extremes and suggests that the underperformance of the broad market should start now. Jiseki rankings The integrated Jiseki rankings for sectors suggest BSE Healthcare, BSE Consumer Durables and CNXIT as top performers and BSE Realty, BSE Capital Goods and BSEOIL as worst performers.

NIFTY VIX has pushed higher in rankings now that its anticipated outperformance has started, while BSE Metals and NSEBANK have pushed lower. FMCG and Auto remain on the higher side of the rankings. Worst rankers BSE Realty and BSE Capital Goods, the worst rankers of the sector rankings show bottoming intermediate and minor structures. The oversold RSI momentum structures further confirm our positive view on the respective assets. Top rankers The top rankers of the sector Jiseki are BSE Healthcare and BSE Consumer READ MORE >

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