Time to rotate from India PSU to Pharma for a 25% outperformance
If you're in the India PSU trade, they have run up significantly recently.
Even if they want to continue the rally, it is probably time for a weekly tf drawdown.
Pharma on the other hand has been rallying up.
I have rotated from PSU to Pharma. There is 25% upside in a few week timeframe.
NIFTY CPSE Index at all time high (ATH) zoneNifty CPSE Index is trading near its all-time high (ATH) zone of 2800. The index has touched 2800 zone multiple times in the last 8 years since 2014. The index hit 2800 zone in Sep'22 and has retraced from the highs.
Will it break this decisive resistance zone this time and reach to new highs this
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Displays a symbol's price movements over previous years to identify recurring trends.