Although the NSE Nifty 50 and the BSE Sensex have not yet crossed their June 2009 highs a few sectorial indices have done so.
Some of the sector indices that have outperformed are:
The Auto Index has clearly confirmed its intermediate uptrend.
Investor/traders can concentrate their trading into the following stocks that belong to the Auto Index:
- Amtek Auto Ltd.
- Apollo Tyres Ltd.
- Ashok Leyland Ltd.
- Bajaj Auto Ltd.
- Bharat Forge Ltd.
- Bosch Ltd.
- Cummins India Ltd.
- Escorts Ltd.
- Exide Industries Co. Ltd.
- Hero Honda Motors Ltd.
- Mahindra & Mahindra Ltd.
- Maruti Suzuki India Ltd.
- MRF Ltd.
- Tata Motors Ltd.
The IT Index also clearly confirms a new intermediate uptrend.
The list of stocks belonging to the IT Index are:
- Aptech Ltd.
- Financial Technologies (I) Ltd.
- HCL Technologies Ltd.
- Infosys Technologies Ltd.
- Moser Baer India Ltd.
- Mphasis Ltd.
- NIIT Ltd.
- Oracle Financial Services Software Ltd.
- Patni Computer Systems Ltd.
- Rolta India Ltd.
- Tata Consultancy Services Ltd.
- Tech Mahindra Ltd.
- Wipro Ltd.
As a positional trader or investor it would be best to look for buying opportunities in stocks that belong to the outperforming sectors. Being able to trade in stocks belonging to outperforming sectors is a traders or investors best bet to trading profits.