Financial Services Sector Analysis – K Karthik Raja Rupeedesk Share Market Training- 01.03.2025
Financial Services Sector Analysis – K Karthik Raja Rupeedesk Share Market Training- 01.03.2025
Financial Services Sector Analysis – K Karthik Raja Rupeedesk Share Market Training- 01.03.2025
Financial Services Sector Analysis
By K Karthik Raja
Key Factors Affecting & Reasons:
- Market currently trading near short-term support (50-day MA at 23041.32).
- RSI at 46.91 indicates a neutral to slightly bearish momentum.
- ADX at 10.31 suggests a weak trend strength.
- Global market cues, interest rate policies, and sectoral performance impacting movement.
Key Watch:
- Support Levels: 23000, 20239 (150-day MA), 19542 (200-day MA).
- Resistance Levels: 25000 (recent highs).
- Breakout above resistance could indicate further bullish momentum.
Volume Analysis:
- 413.273M volume, suggesting decent participation but needs confirmation with price action.
- Higher volumes on upward movements would indicate strong buying interest.
Dow Theory Chart Analysis & Observations:
- Higher highs & higher lows pattern intact.
- Long-term bullish structure remains strong unless key moving averages break.
- A bounce from current levels could indicate trend continuation.
Stocks to Watch:
- Banking & Financial stocks driving momentum.
- Monitor NBFCs & PSU Banks for potential leadership in the next leg of rally.
Market Insights:
Short-Term View:
- Consolidation near moving averages.
- A move below 23000 may indicate further downside risk.
Long-Term View:
- Strong bullish structure.
- Dips could offer buying opportunities around 20000-20500 levels.
Strategy:
- Traders: Watch for confirmation near support/resistance for potential entries.
- Investors: Long-term accumulation on dips remains a favorable strategy.
Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research before making any investment decisions.
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