Nifty – Though Nifty is showing major signs of being overbought, markets still bullish. IF the above count is correct , then we have a massive bull run in the making, notwithstanding any sharp corrections forthcoming. (MARKETS ARE OVERBOUGHT)
Below for convenience I am giving the count on various sectors
FMCG
IT – STARTING BULL RUN CORRECTIONS NOTWITHSTANDING
NIFTY AUTO- BULL RUN TO CONTINUE NOTWITHSTANDING CORRECTIONS
NIFTY BANK PRESENTLY CORRECTING, STRONG BULL RUN TO RESUME ONCE CORRECTION IS OVER
NIFTY OIL AND GAS STRONG BULL RUN BUT CORRECTION OVERDUE
STRONG BULL RUN BUT CORRECTION OVERDUE