When you bless the good that befalls others,it becomes yours as well
-Alan Cohen
Global Markets
YTD Performance
US100 leads the pack as all markets look great for the next leg up in Sep.
Nikkei also seems to have recovered and what was the story about carryover trade again?
Market Breadth
New Highs / New Lows
We are about to cross the high of July-29 and that should kick-off a buying spree in the market. September looks to be promising already unless Powell or Putin decide otherwise.
As long as we are above the zero line its all good in the hood.
Nifty 500
The Market
We’re in the 2nd and the final gap zone and a pause for a day or two should be treated constructive before we hit new ATHs.
Resistance : 23500
Support : 23300
Nifty Indices
YTD Performance
We compare YTD-RS vs 3M-RS to check sector rotation in market.
No change on YTD basis but 3M is now showing IT, Pharma, Consumer Durables.
Stay away from underperforming sectors, Legendary traders follow this one important strategy of always staying in Alpha sectors and Alpha stocks.
The Alpha
Sectors and Stocks
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 | Abslamc |
| Cement | Indiacem |
| Chemicals | Hscpl |
| Commodities | Vedl |
| Consumer Durables | Ifbind |
| Defence | Cochinship |
| Electric Equipment | Get_D |
| Electronic Mfg | Pgel |
| Energy | Suzlon |
| EV and Adv Auto | Motherson |
| Fertilizer | Dhanuka |
| Finance | Mcx |
| Fmcg | Trent |
| Gold | Radhikajwe |
| Hotels | Itdc |
| Infra | Industower |
| Insurance | Hdfclife |
| IT | Ofss |
| Logistics | Aegislog |
| Mahindra Group | M&M |
| Media | PFocus |
| Metals | Vedl |
| Oil & Gas | Oil |
| Paper | Pudumjee |
| Pharma | Wockpharma |
| PSE | Hal |
| PSUBanks | Iob |
| PvtBanks | Federalbnk |
| Railway | Rvnl |
| Realty | Purva |
| Reits | Embassy |
| Roads | Sadbhav |
| Shipping | Cochinship |
| Solar | Ina |
| Sugar | Bajajhind |
| Tata Group | Trent |
| Telecom | Industower |
| Textile | Ganecos |
Stocks to focus
Trade / Invest
While sitting on the fence would be ideal, i would strictly avoid leverage trading and instead focus on investing in cash stocks.
| TRADE | INVEST |
| Bpcl | Anantraj |
| Coalindia | Inoxwind |
| Hdfcamc | Policybzr |
| Naukri | Suzlon |
| Shriramfin | Zaggle |
Your Job is to find ONE stock and handle it well.
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