Here's what Ravi Nathani suggests on the financial sector

According to the technical analyst, the finance sector is expected to underperform in the near term, but this underperformance will provide a good buying opportunity for traders and swing players.

The finance sector - Private Bank index, PSU Bank index, Financial Services index
(Suggest to wait for correction, then 'buy on dips')
 

The finance sector, including the private bank index, PSU banks, and financial services, has been showing a bearish trend on the charts, characterized by lower tops and lower bottoms. However, the charts for the near and short term suggest that there may be a change in the trend. The reason is multiple technical indicators (MACD + Price action and RSI).

Firstly, the MACD of all three indices suggested that the signal line and MACD line have intersected at lower