Int rate sensitive sectors to witness breakdown: Gujral
Published on Wed, Feb 14, 2007 at 09:54 | Source : Moneycontrol.com
Updated at Fri, Feb 16, 2007 at 22:18
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Int rate sensitive sectors to witness breakdown: Gujral
Technical analyst Ashwani Gujral observes that the high of yesterday's trade was the 20-day moving average while the low was the 50-day moving average.
Technical analyst Ashwani Gujral observes that the high of yesterday's trade was the 20-day moving average while the low was the 50-day moving average. In his view, if 4000 does not hold up, then the Nifty could move to 3840-3850. But this will be a knee-jerk reaction and he feels that generally it is the interest-rate sensitive sectors which are showing breakdowns.
He feels that the rest of the market has not shown any particular breakdown. He would prefer to keep away from PSU banks, realty, autos, metals and construction where generally home loans, auto loans could be the play. However, he feels that markets will hit new highs despite these rate hikes.
He feels that the rest of the market has not shown any particular breakdown. He would prefer to keep away from PSU banks, realty, autos, metals and construction where generally home loans, auto loans could be the play. However, he feels that markets will hit new highs despite these rate hikes.
