Learning to catch High Probability Breakouts

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revendar

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Its Index management, if all stocks fall at same time index will tumble.
If you see in past 1 year index was managed by auto/pharma/oil while all other stocks fell. Now it will change. Nifty would have hit 5600 if all the above stocks too fell last year. Now banks are almost near support levels while tech stocks may be taken out - just my guess.
 

amitrandive

Well-Known Member
Its Index management, if all stocks fall at same time index will tumble.
If you see in past 1 year index was managed by auto/pharma/oil while all other stocks fell. Now it will change. Nifty would have hit 5600 if all the above stocks too fell last year. Now banks are almost near support levels while tech stocks may be taken out - just my guess.
Index management=Business Cycle =Sector Rotation.

See this post

http://www.traderji.com/technical-a...high-probability-breakouts-3.html#post1128038
 

revendar

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