If you want to make the wrong decision, ask everyone.

Global Markets

YTD Performance

The Global Capital Markets are running full steam and now Nifty joins in as well.

The Dragon in HK and China is still in deep slumber.

Market Caps

YTD Performance

Not a market where you can trust your money will make more money. Stay put and keep sharpening the saw!

Market Breadth

New Highs / New Lows

Though friday was a day that gave a high (literally) watching both the indices go like a rocket, the market breadth was net negative even on a day like this.

Wait for clear skies before you take the flight.

Market Breadth

% stocks above 50dma

Only 30% stocks participated on friday and that tells a lot of the Market.

Not much participation is a sign that it’s better to be in 100% cash over going aggressive with long trades.

Nifty

Daily chart

The shakeout on 26/3 in Nifty gave a follow-through and we saw Nifty zoom pass 22000 to quickly gain 530 points in 2days before closing around 22327.

Don’t be too eager to short this market yet, we are above 50dma with a strong support tested many time of 22000.

More sideways action to be expected unless Nifty scales up to a new ATH. If nifty makes a lower top on Monday – this would be a sign of caution.

Nifty Indices

YTD Performance

No difference from last week as PSUBanks are at the top followed by Energy, Auto and PSE that are outperforming Nifty.

Alpha(α) 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 / Alpha Stock.

SECTOR NAME	LEADING STOCK	YTD RSI
Auto	BajajAuto	66.97
Cement	Ambuja	50.61
Chemicals	Solarinds	55.76
Commodities	BPCL	57.03
Defence	Nibe	51.87
Energy	KPIGreen	54.14
Fertilizer	Aries	36.94
Finance	Sbin	60.16
FMCG	Trent	50.68
Infra	Industower	62.48
IT	OFSS	32.64
Media	Jagran	32.78
Metals	JSL	58.04
Pharma	Zyduslife	57.09
PSE	Ongc	52.54
PSUBanks	IOB	55.93
PvtBanks	Icicibank	53.55
Railway	Irfc	51.69
Realty	Sobha	59.04
Solar	Webelsolar	51.39

52 weeks high

Indices and Stocks

Indices :

• Auto
• Infra

Stocks at 52weeks high (near their buy point):

• Adaniports
• Jindalstel
• Indhotel
• Ipcalab
• Icicibank
• Grasim
• Bhartiartel
• Tatacomm

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

– William O’Neil