Last month we introduced the newly added Monthly Chartbook in a post where we discussed the trends and perspectives seen through a long-term lens. Our conclusions were that many of our price objectives for the Nifty Sectors and Indices were hit and that a neutral approach was best in many cases. In that type of environment we wanted to focus our long trades in areas showing relative strength like large-cap Financial Services, IT, and Consumers Goods, while focusing our short trades in areas that were showing relative weakness, like mid and small-cap Infrastructure, Realty, and Metals stocks.
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