IndiaVIX says No Election Concern. Smallcaps Power however Selective, Nifty IT Gone & Banks attention-grabbing.

1) INDIA VIX – No Concern of Elections

IndiaVIX – Usually going into Elections, Funds and recognized occasions the Possibility Pricing tends to issue within the threat with VIX going increased.
Have a look at the spike and subsequent drop in VIX put up 2014 and 2019 elections.
This time round seems like Market has no Concern of Elections.

2) Nifty50 – Pattern up

3) BankNifty – Contra works higher now.

4) Nifty IT – Again to Outdated methods

NIFTY IT – The regime modified in 2022. The Covid Re-Ranking over. Now again to its decade outdated stance of not being an outperformer majorly
to Nifty.
Now one must be Inventory Particular. No Extra a Sectoral Wager. Divergent strikes to be seen throughout shares.

5) BSE Cap GOods, Industrials, Manufacturing, PSE, Railways – Now thats referred to as a Pattern.

All of the Sectoral charts look very comparable. For instance the BSE Cap Items Index

We got here out with a Be aware – The Most Hated Promoter is Altering Developments in October 2021 ( The Authorities/PSU Shares ).

Had initiated Thematic Wager on it in Technical Traders Club

Now it seems just like the Outperformance ought to shift to inline with Markets.

Time to have a look at shifting out step by step.

6) BSE Smallcap – Superb Power and Recoveries.

The Power and Restoration in Smallcaps has been the Character of this Bull Market.
For now the underside was made nearer to a Main Swing Low.
Some Resistance seen on the preivous tops.
The powerful query is whether or not it should consolidate on this vary of say 40k-47k for some extra time or breakout quickly.
Time to react put up the breakout.

Conclusion

The momentum of 2023-2024 has taken a pause. Every little thing going up has stopped for some time.
Now one must be selective and work more durable for outperformance.
Regime adjustments will be coming in lots of sectors. One must be cautious within the outperforming sectors – Protection, Railways, PSE, Manufacturing, Capital Items.
Banks nonetheless look an attention-grabbing place for Massive Cap Buyers. Smaller may very well be higher is a view.
Smallcaps lot of Power however one has began seeing extra selective value motion. React on Contemporary Breakout.
IndiaVIX suggests there is no such thing as a Concern of Election Outcomes.
FY24 was an uptrend throughout most shares/sectors. Now selective.
General development stays optimistic however at present in a Consolidation.
Might want to search for main Sectors and Work More durable.
For instance buyers who shifted/prevented from IT/Pharma/Digital in 2021-2022 peak and centered on Cap Items/PSE/Manufacturing/Railways and many others have had a brilliant outperformance.
Merely Put – Time to Work more durable, Widen your Vary of Shares/Sectors, Search for New Leaders.