Key Points
Meghana Malkan, malkansview.com, says the broad strategy is avoiding all longs..
Other than long-term investments, any positional trades, I am turning lesser towards the long side..
I would not say going aggressive on shorts as of now because I am just about to get confirmation technically on the higher time frame and the medium time frame charts but overall, I will be looking at one sector which shows promising movement right now is the IT sector...
So, overall, I think it is the time to be cautious, not getting too much on the long side either in the smallcaps or midcaps...
I would wait for the weekly candle pattern to close for my confirmation on the downside but upside, yes, I feel there have been multiple divergences and considering the time zone, I think that is how I would look at it..
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Bank Nifty is way weaker than Nifty; positive on realty & pharma sectors: Meghana Malkan
27, Feb, 24Meghana Malkan believes realty and pharma sectors show potential for trade. She highlights specific stocks to watch, cautions about weak resistance for Nifty, predicts a drop in Bank Nifty, takes a break from PSU sector, and has a mixed view on the IT sector. In the case of IT, she would prefer to really adopt a wait-and-watch approach.