The means of learning are abundant, the desire to learn is scarce.

Global Markets

YTD Performance

Nikkei made a new ATH this week and has become a sore eye for everyone who arent able to trade in the Japanese market. FOMO !

China and HK remain lacklustre while Nifty has finally woken up.

Market Caps

YTD Performance

Do-not try to look for trades which do-not yet exist in the market. Patience will pay so dont jump in yet. Protect capital, play small.

Market Breadth

New Highs / New Lows

Market Breadth is still weak and it needs to improve drastically and we need to see follow through into buying for the new leg up.

We are back to Oct’23 levels from where we rallied in Nov and Dec’23.

Nifty

Daily chart

The shakeout on 19/3 on Nifty never gave a follow-through and we saw an expectation breaker on 21/3 as Nifty gapped up above 50dma with support from 22000.

We now need a broad market participation which will improve the Market Breadth and a follow-through buying to hold this trend reversal.

Nifty Indices

YTD Performance

PSUBanks are at the top followed by Energy, Auto and PSE outperforming Nifty.

Indices at 52week high : None.

TMLs / Model Book Stocks

Leaders of every sector

Keeping a watch on where the leadership is in the sector helps to get the True Market Leader / Model Book Stock.

SECTOR NAME	LEADING STOCK
Auto	Bosch
Cement	Ambuja
Chemicals	Solarinds
Commodities	BPCL
Corehousing	Bluestar
Defence	Nibe
Energy	KPIGreen
Fertilizer	Aries
Finance	HDFCAmc
FMCG	Trent
Infra	Industower
IT	OFSS
Media	Jagran
Metals	JSL
Pharma	Zyduslife
PSE	Ongc
PSUBanks	IOB
PvtBanks	Icicibank
Railway	Irfc
Realty	Sobha
Solar	Webelsolar

Your Job is to find the next Apple and handle it well.

– William O’Neil