Summary :

Last week, the overall market index went up by 0.5%. On the daily chart, the index formed a tiny inverted Head & Shoulder pattern, which suggests a bullish view for the market above the 19500 level. If the market moves above the 19800 level, it will give more strength to the bulls. During the week, large-cap stocks outperformed mid and small-cap stocks, indicating a shift towards bluechip stocks. From a sector perspective, the Realty, Auto, and FMCG sectors performed well. However, there was mild profit booking observed in the financial services and IT sectors. The IT index has multiple technical positive triggers at this point, and it can be accumulated for long-term purposes. One way to play this is through ITBEES.

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