India King's, the top ten stocks of India - Index continues to show strength while both NIFTY & Sensex closed almost flat. There can be further up moves in the market, but very much restrictive. 5500 should hold a very strong resistance on the up side.
Industrial Sector leads the rally and has been maintaining its top position in the sector list for quite some time now. Engineering, Auto LCV/HCV and Civil construction Industries are among the top ranked industries today. Daily charts of Civil Construction Industry has retraced multiple bullish divergence on MACD as well as MACD histogram, before turning into the present strong bullish move. Whereas it's weekly charts show that there is more to come on the bearish side.
There are possibilities of another 5 to 6% upward moves before any weakness could set in, in the Civil Construction Industry.
Industrial Sector leads the rally and has been maintaining its top position in the sector list for quite some time now. Engineering, Auto LCV/HCV and Civil construction Industries are among the top ranked industries today. Daily charts of Civil Construction Industry has retraced multiple bullish divergence on MACD as well as MACD histogram, before turning into the present strong bullish move. Whereas it's weekly charts show that there is more to come on the bearish side.
There are possibilities of another 5 to 6% upward moves before any weakness could set in, in the Civil Construction Industry.
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