Last one month has been very volatile for the markets and the divergence in the sector performance is really stark. Banking and Finance have done well compared to all other sectors, possibly on the expectations of a RBI rate cut in the coming weeks. Rest all the sectors are in the red.
Strong (Above 50 & 200 EMAs) – BankNifty, Financial Services, PSU Banks and Realty
Range Bound (Between 50 & 200 EMAs – Will get Strong or Weak going ahead ) – Auto, FMCG and IT
Weak (Below 50 & 200 EMAs) – Metals, Media, Pharma.