It is pretty evident that the markets are highly volatile, however I personally hold a bullish bias in the market until we get two consecutive day closings below 17500 level.
I'm keen on building long exposure in the Auto Sector [Bullish build up on the weekly chart] and Metal Sector [Breakout and retest on weekly chart].
I'll be strictly avoiding the Energy Sector [RSI and 71.8% Fib resistance on weekly] and Banking & Finance [Double upper wick rejection on weekly, extended rally and persistently volatile within a big range]
Let me know if you want the detailed chart analysis of these sectors mentioned. Instagram.com/bhatiahimalay
Best,
Himalay Bhatia
