You do not rise to the level of your goals. You fall to the level of your systems.

Global Markets

YTD Performance

Global Market Index RSI is trying to get into short term momentum.

All eyes are now on HSI and STOXX compared to other markets.

Nifty still under-performing compared to other markets : thanks to the volatality and whipsaws!

Market Caps

YTD Performance

Dividend and alpha stocks still continue to outperform. Volatility is keeping activity low into Small, Mid, Micro and Largecaps.

Market Breadth

New Highs / New Lows

Still no signs of crossing the cross 200+ on the Net New highs.

Don’t get aggressive longs and keep tight SL “but” this is not a market to short.

Nifty

Daily chart

Nifty is living above the 50dma and so shorts is definitely a “no-go” unless you love losing money.

But market is now sideways as the 50dma is still flattish.

Its a “no-trading zone” unless we have a grand opening on monday and we have a follow through on tuesday which sustains.

Resistance : 23000

Support : 22290

Nifty Indices

YTD Performance

Public, Public, Public – enterprise, undertaking, banks, sector, stocks. Don’t look beyond this.

Many of the Maha-ratnas were up 4-5% on friday when the market was under a siege like it was a heist.

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	SECTOR RSI
Auto	Exide	68.57
Cement	Grasim	58.20
Chemicals	Solarinds	67.71
Commodities	VEDL	67.51
Consumer Durables	IFBInd	67.66
Defence	Nibe	65.79
Energy	KPIGreen	63.01
Fertilizer	Aries	60.92
Finance	RECLTD	62.98
FMCG	Voltas	54.94
Infra	Industower	58.11
IT	OFSS	27.46
Media	HTMedia	41.76
Metals	VEDL	71.45
Oil & Gas	Aegischem	56.23
Pharma	Zyduslife	57.73
PSE	BHEL	77.08
PSUBanks	IOB	64.39
PvtBanks	Icicibank	56.95
Railway	IRFC	68.33
Realty	Purva	59.70
Solar	Webelsolar	70.11

52 weeks high

Indices and Stocks

Indices :

• PSE
• Metal
• Auto
• PSUBBanks
• Energy
• Finservice
• REalty
• Infra
• Pharma

F&O stocks near their buy point :

• Lupin
• Ipcalab
• Tatasteel
• Jindalstel
• Mcdowell

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

– William O’Neil