there could be a reversal from the top but again the stimulus package may be announced and it could be reversed.
The sector now to go long on is Pharma and IT.
The IT index is indicating a bullish harami pattern where a long candlestick followed by a smaller body, referred to as a doji, that is completely contained within the vertical range of the previous body and the same pattern observed in Pharma index.
These are just thoughts and there might be consolidation in coming days before 13k is taken out.
The sector now to go long on is Pharma and IT.
The IT index is indicating a bullish harami pattern where a long candlestick followed by a smaller body, referred to as a doji, that is completely contained within the vertical range of the previous body and the same pattern observed in Pharma index.
These are just thoughts and there might be consolidation in coming days before 13k is taken out.
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similar pattern seen in Bank Nifty you might expect follow through on the downside in banking stocks