Charts os sectors are compared with Nifty. Opened Nifty chart and clicked on compare. Added the sectors one by one.
The upper ones are more bullish but they should be checked again by division test, e.g. by writing
NSE:CNXPSUBANK/NSE:NIFTY
in symbol search. Then the recent trends can be determined.
Comparison charts depend on starting point, charts change when...
Default sectors of NSE are compared with Nifty 50. Period used is 3 months, I also see 1 month period before taking a decision. Individual companies charts are of course viewed.
In this case, Media is showing an upside but on observing individual charts of media companies, it's seen that only SunTV is rising. So these things have to be taken in consideration before buying.
Self explanatory, this is one of the 50 stocks which rose out of Nifty 500 universe on the day the market crashed like hell. If this can sustain its move, it'd a good investment. Hope it does a retest of the breakout line.
Bajaj Finserve completing a Cup and handle pattern. First tgt would be equal to the handle's height on the upside of breakaway line, second tgt would be the cup's ht.
