Losses are great teachers – they lead to disciplined rules.

Global Markets

YTD Performance

Global markets are stable and continue to rise specially Nikkei which is now back in action after a small correction.

China continues to lag.

Market Breadth

New Highs / New Lows

New Highs are now in an uptrend and rising which is a sign of stability in the market. Broader market now participating compared to the previous week which rallied only on Reliance and HDFC Bank.

The divergence of last week developed as correction in Banknifty while Nifty still holds. Volatility still continues.

Nifty

Daily chart

Nifty continues to rise with unfilled gaps which is a very strong sign.

We’re clearly in a bull market…Disengage your brains.

Nifty Indices

YTD Performance

Auto, Realty and PSE still remain at the top based on their YTD performance.

Budget on 23-July should bring in more volatility but “30000 paar”… doesn’t look impossible by Aug end.

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	Amaraja
Birla Group	Birlamoney
Cement	Grasim
Chemicals	Solarinds
Commodities	Alcoholic Be
Consumer Durables	Dixon
Defence	Cochinship
Electric Equipment	Tril
Electronic Mfg	Vinyas
Energy	KPIGreen
EV and Adv Auto	JWL
Fertilizer	Dhanuka
Finance	Lichsgfin
Fmcg	Trent
Hotels	ITDC
Infra	Siemens
IT	OFSS
Logistics	Aegislog
Mahindra Group	M&M
Media	DBCorp
Metals	Hindzinc
Oil & Gas	Oil
Pharma	Wockpharma
PSE	Hal
PSUBanks	Iob
PvtBanks	Icicibank
Railway	Rvnl
Realty	Purva
Reits	Biret
Roads	USK
Shipping	Cochinship
Solar	Ina
Sugar	Bajajhind
Tata Group	Asal
Telecom	Industower
Textile	Raymond

All Time High

Indices and Stocks

Indices :

• Infra
• Pharma
• Pse

F&O Stocks : near buy point :

• Bhel
• JSWSteel
• Petronet
• Powergrid
• TorrentPharm

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