Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Sunday, August 3, 2014

While The Nifty Made New Highs

 Nifty makes a Higher High

 Auto Sector, a Lower High

Energy Sector makes series of Lower Highs

FMCG underperforms since August 2013 and makes a lower high

Realty Sector makes lower highs

Bank Nifty makes a Lower High too !

IT, the new "Defensive" Supports Nifty's Upmove with a minor Higher High

Defensive Sector Pharma remains Robust

Volatility Index shows "Low Fear" which means too much complacency !

With the longer term firmly up a "Buying Oppurtunity" may be close.

follow me on twitter!/lucksr

Happy Trading !!

Lakshmi Ramachandran

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