Though markets closed with a bullish note, there are some warnings and cautions left in today's trade. Except Utilities and Telecom all the other sectors have closed positive with some sectors like consumer goods and Industrials showing minimum gains.
The leaders of each sector have began to show tiredness. Among the top 10 ranking, we have 4 sectors out of the broad economic sectors closing negative. This gives a warning or a caution that all is not good with the markets at the moment.
There is a need for tightening of stops for the new long trades which have sprung in the last couple of days.
Energies and Technology lead the rally today.
The leaders of each sector have began to show tiredness. Among the top 10 ranking, we have 4 sectors out of the broad economic sectors closing negative. This gives a warning or a caution that all is not good with the markets at the moment.
There is a need for tightening of stops for the new long trades which have sprung in the last couple of days.
Energies and Technology lead the rally today.
regards: hemant