All Major Index Analysis Shared Here:- Check Full Analysis

These are the major sectors analyzed based on their technical charts and almost all are looking bearish. A few days back, I highlighted that IT and Banking sectors were weak and would eventually drag down Nifty due to their high weightage and that's exactly what unfolded.

IT, Banking, Finance, and Auto sectors are clearly the weakest on charts. They are losing momentum and are likely to remain under pressure. The remaining sectors are bearish too but show signs of retracement which means they may not witness drastic falls.

If you're looking to catch momentum or trade within this bearish market focus on the weakest sectors (as mentioned above). These sectors are likely to experience sharper moves and offer better opportunities for short trades or positional plays in the current market phase.