Nifty - Sector wise comparison | Select your trades wisely
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The chart above shows Nifty's sector-wise analysis.
As we can see, the Pharma sector has performed the best in terms of returns since the crash followed by the IT sector.
Finance and Realty (Real estate) have performed the worst with almost the same level of % gain.
A few things to notice would be that the Pharma sector has been moving sideways for almost a month and the IT sector is now the sector that is going up.
Finance and Realty have gone down and may show some bounce from where they are, but may not be good enough to start going long unless you have a long term perspective in mind.
The rest of the sectors have been fairly sideways with occasional bounces and dips.
Having knowledge of the sector performance while investing, holding positions, or even Intraday is beneficial and thus plan your trades accordingly.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
Before you start reading kindly hit that like button. It motivates me to keep doing such work for free.
Thanks
The chart above shows Nifty's sector-wise analysis.
As we can see, the Pharma sector has performed the best in terms of returns since the crash followed by the IT sector.
Finance and Realty (Real estate) have performed the worst with almost the same level of % gain.
A few things to notice would be that the Pharma sector has been moving sideways for almost a month and the IT sector is now the sector that is going up.
Finance and Realty have gone down and may show some bounce from where they are, but may not be good enough to start going long unless you have a long term perspective in mind.
The rest of the sectors have been fairly sideways with occasional bounces and dips.
Having knowledge of the sector performance while investing, holding positions, or even Intraday is beneficial and thus plan your trades accordingly.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”