CNXAUTO not looking good
Auto sector in India has been a stellar performer for last few years.
Its performance is catching up though. In general the Indian market looks ripe for a correction and in general the hardest bull is usually the hardest bear.
CNXAUTO has just broken though the trend channel. Individual stocks in the sector exhibit similar trait. I small bump up would be an ideal opportunity to go short on this sector in general.
Specifically, maruti, apollotyres, tvsmotor etc.
A lot of of quick money to be had here.
Its performance is catching up though. In general the Indian market looks ripe for a correction and in general the hardest bull is usually the hardest bear.
CNXAUTO has just broken though the trend channel. Individual stocks in the sector exhibit similar trait. I small bump up would be an ideal opportunity to go short on this sector in general.
Specifically, maruti, apollotyres, tvsmotor etc.
A lot of of quick money to be had here.
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