Intraday view of Aviation and Pharma- today

Why do we need to perennially follow the US market, from last one month Indian Markets are taking cues from US market only.

There was huge volatility in US market Yesterday ,same is being followed in Indian Market. Yesterday , there was one major news of Warren Buffet selling most of his stakes in US airlines company .

Now it will be interesting to see how Interglobe aviation, spice jet and other Indian companies will perform , undoubtedly it's already showing sign of pressure and indication of gap down

There may be strong Gap up opening today, as DOW futures closed yesterday on positive side, today opening of the same is also positive.

Two of the sector for a shorter term will be very imperative to watched for that is Pharma sector and IT sector as Everyone is inquisitive to know weather bull run of Pharma sector is over or yet to come more bullishness

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