KK's Corner
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Interesting Sector rotation happening recently. Have a look at the Multiple Ratio Chart of various sectors featured below.
Notice how Auto has turned lower recently while IT index was recovering. Something interesting happened today. Erstwhile outperformers - Nifty Bank & Nifty Financial Services turned around today while the IT index and Metals took back seat.
I get a feeling that the Nifty 50 index would continue its dream run, backed by banks & financial services.
If you are itchy to take exposures in IT sector, then wait for a sustained improvement in the above line and let it cross the 100 mark. Also check the Nifty IT price chart for a confirmed breakout above recently trading range.
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Just for info ..... if you compare rs chart of Nifty next50 / Nifty 50 , its underperforming since mid of june.
