While the market is inching up from a broad sideways range, we have some good news for the bulls. The leaders of many sectors such as Basic Materials, Healthcare, Financials & Energy are showing tremendous strength against the full bunch of stock in such sectors.
Though the chances of a full blown bullish rally is not going to be a reality very soon, these strengths in leaders show that we are going to breach the 5560 resistance & move up a little further before any weakness sets in on the Nifty.
Trend following systems are in long position and have already registered above 100 points peak gains. We have to give back some gains to stay with the trend. At today's levels we see the long positions to close in profitable zone quite comfortably.
Hindalco, in worth a writing in particular at this moment. With continued strength the stock is poised to break the base resistance soon. Once through it will enter into a new bull phase. Among the base metal stocks Hindalco had been the star all along the bull run in the past 2 years. Hindustan Zinc, is another stock which is gaining strength and is likely to support Hindalco to take basic material sector to further heights.
Basic Materials Sector ranks number one in the sectoral ranking followed by Technology sector in comparison with the past 2 years track of movement, that is from the time the current bull phase began its journey.
BraViSa Temple Tree will be launching the proprietary stock ranking module on our site shortly. This module will combine both fundamentals and technicals to give the super best stock for investments. Based on the price earnings strength of the stock along with its price relative strength, accumulation/ distribution, volume averages, Industry group strength and Mutual fund representation of each stock we will rank the stocks in our broad based index to give the best stock to invest for triple digit gains.
Mutual funds invested in equities will also be ranked in the similar pattern and this list would give out the best fund to invest with on a daily basis. Look forward for the launch details in this section shortly.
Happy investing.
Though the chances of a full blown bullish rally is not going to be a reality very soon, these strengths in leaders show that we are going to breach the 5560 resistance & move up a little further before any weakness sets in on the Nifty.
Trend following systems are in long position and have already registered above 100 points peak gains. We have to give back some gains to stay with the trend. At today's levels we see the long positions to close in profitable zone quite comfortably.
Hindalco, in worth a writing in particular at this moment. With continued strength the stock is poised to break the base resistance soon. Once through it will enter into a new bull phase. Among the base metal stocks Hindalco had been the star all along the bull run in the past 2 years. Hindustan Zinc, is another stock which is gaining strength and is likely to support Hindalco to take basic material sector to further heights.
Basic Materials Sector ranks number one in the sectoral ranking followed by Technology sector in comparison with the past 2 years track of movement, that is from the time the current bull phase began its journey.
BraViSa Temple Tree will be launching the proprietary stock ranking module on our site shortly. This module will combine both fundamentals and technicals to give the super best stock for investments. Based on the price earnings strength of the stock along with its price relative strength, accumulation/ distribution, volume averages, Industry group strength and Mutual fund representation of each stock we will rank the stocks in our broad based index to give the best stock to invest for triple digit gains.
Mutual funds invested in equities will also be ranked in the similar pattern and this list would give out the best fund to invest with on a daily basis. Look forward for the launch details in this section shortly.
Happy investing.
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