Can 1st Week of 2024 avoid the Thunderstorm of Dec 20, 2023 ???
Remember the Great Sudden Multi-Sector Fall of Dec 20, 2023 where Almost all Sectors of NSE/BSE fell together ???
Refer our 8 Part Series - Decoding the Mystery of the Dec 20 Fall for more explanation of why we faced Major Selling Pressure Across Sectors
Is there a possibility of something Similar on the New Year Week ??? - Before we say Yes / No - let's first understand what happened on Dec 20, 2023.
If 1 particular Sector (ex: Small Cap) faces its resistance, major small stocks is expected to face a correction. When we have diversified portfolio with multiple sectors - we will still have a healthy Day P&L as other sectors provide some support
When All Sectors face their Resistance together - most of the stocks in your portfolio will see RED same day which triggers Panic Selling of weak hands - which aggravates the situation further.
1st Week of Jan 2024 is facing similar situation. 6 out of 13 Sectors what we reviewed are facing their Resistance together. Rather than saying its "Time to be Cautious", I would suggest "Its Time to be Brave". There could be a Panic Selling again from Retail investors, but its just a normal Correction. Those who held their nerve on the Dec 20 crash would vouch for the fact that their Portfolio recovered fully / more than the fall within next 2-3 (or max 5) sessions.
The Remaining 7 Sectors - Look good with BO and more room for Upward move. So, this time, it won't be as bad as Dec 20 and if people realize their Mistakes from Dec 20 and hold their nerve - we can collectively overcome the situation
7 Sectors that are Bullish / Have more room for Upside:
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Refer our 8 Part Series - Decoding the Mystery of the Dec 20 Fall for more explanation of why we faced Major Selling Pressure Across Sectors
Is there a possibility of something Similar on the New Year Week ??? - Before we say Yes / No - let's first understand what happened on Dec 20, 2023.
If 1 particular Sector (ex: Small Cap) faces its resistance, major small stocks is expected to face a correction. When we have diversified portfolio with multiple sectors - we will still have a healthy Day P&L as other sectors provide some support
When All Sectors face their Resistance together - most of the stocks in your portfolio will see RED same day which triggers Panic Selling of weak hands - which aggravates the situation further.
1st Week of Jan 2024 is facing similar situation. 6 out of 13 Sectors what we reviewed are facing their Resistance together. Rather than saying its "Time to be Cautious", I would suggest "Its Time to be Brave". There could be a Panic Selling again from Retail investors, but its just a normal Correction. Those who held their nerve on the Dec 20 crash would vouch for the fact that their Portfolio recovered fully / more than the fall within next 2-3 (or max 5) sessions.
- Small Cap
- Mid Cap
- Energy
- Realty
- IT
- Nifty
The Remaining 7 Sectors - Look good with BO and more room for Upward move. So, this time, it won't be as bad as Dec 20 and if people realize their Mistakes from Dec 20 and hold their nerve - we can collectively overcome the situation
7 Sectors that are Bullish / Have more room for Upside:
- Pharma
- Media
- Metal
- Auto
- Finance
- Bank Nifty
- FMCG
If you like our analysis - please do share your views, likes, Boosts and support us
- Team Stocks-n-Trends
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