It’s not what you make, it’s what you keep.

Global Markets

YTD Performance

As in US, so in India, divergence continues to persist.

In US divergence between IT and broader markets while in India its Nifty vs Banks and Financial companies.

Global markets showing pause in Momentum with RSI showing range shift.

Market Breadth

New Highs / New Lows

Momentum is missing, if you’re thinking why market is slow and stocks are not moving the way you want them to.

Consolidation (or time correction) tests Patience and this is what we are being tested for.

Nifty

Daily chart

Consolidation time…between 23160 and 23844 which is a 3% range.

What’s not in favor :

• High of 3/6 not crossed
• Currently in Gap resistance
• Volume drop while Price is increasing
• RSI 60 resistance

Still defensive and staying invested more in Cash.

Nifty Indices

YTD Performance

Realty is now at 44% return on YTD and Auto which is at #2 is now at 35%

Stay away from underperforming sectors, Legendary traders follow this one important strategy of always staying in Alpha sectors and Alpha stocks.

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
Adani Group	Adaniports
Auto	Motherson
Birla Group	Birlamoney
Cement	Ambuja
Chemicals	Solarinds
Commodities	Vedl
Consumer Durables	Dixon
Defence	Nibe
Electric Equipment	Tril
Energy	KPIGreen
EV and Adv Auto	JWL
Fertilizer	Dhanuka
Finance	Shriramfin
Fmcg	Trent
Hotels	Eihotel
Infra	Siemens
IT	OFSS
Logistics	Aegislog
Mahindra Group	M&M
Media	DBCorp
Metals	Hindzinc
Oil & Gas	Oil
Pharma	Sanofi
PSE	Hal
PSUBanks	Iob
PvtBanks	Icicibank
Railway	Rvnl
Realty	Purva
Roads	USK
Solar	Webelsolar
Tata Group	Asal
Telecom	Industower
Textile	Centurytex

All Time High

Indices and Stocks

Indices :

• Pvtbank
• Finservice

F&O Stocks : near buy point :

• ABCapital
• Cummins
• Havells
• Icicibank
• Jindalstel

Your Job is to find ONE stock and handle it well.