Daily Sector Sentiment
Out of 28 sectors/indices that we are monitoring 25 sectors, daily sentiment turned negative since last Wednesday and only 3 sectors (Media, Pharma, Realty) are holding with positive sentiment. And Most of the sectors which tested above 200 day MA got back below 200 MA last week. Currently sectors like pharma, FMCG, Fin Service are holding above 200MA.
Overall immediate short-term sectoral weakness is expected to continue in near term. Weekly Sentiment is still broadly positive with 24 sectoral indices holding in green indicating medium-term strength is still holding on.
Weekly Sector Sentiment
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