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