Being wrong isn’t a bad thing like they teach you in school. It is an opportunity to learn something.
Global Markets
YTD Performance
Will there be a Rate-cut rally in US ? Both US30 and US100 are heading into resistance zone.
Look – before you Leap!
Market Breadth
New Highs / New Lows
All good here, we are making net new highs everyday.
As long as we are above the zero line we’re doing good.
Nifty 500
The Market
Sharing a different perspective. Market has been showing a bearish divergence since 8/1/2024 and i prefer to call this as the market discounting the entire year in advance as this divergence still remains unresolved.
We are going into the event of the year i.e. Fed interest rate announcement on 18/9
Strongly advise not to remain over-exposed to leveraged F&O and protect capital.
Nifty Indices
YTD Performance
We compare YTD-RS vs 3M-RS to check sector rotation in market.
YTD Basis : Pharma, Auto, Consumer Durables
3M Basis : 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 | Hscl |
| Commodities | Vedl |
| Consumer Durables | Ifbind |
| Defence | Nibe |
| Electric Equipment | Get_D |
| Electronic Mfg | Pgel |
| Energy | Suzlon |
| EV and Adv Auto | Motherson |
| Fertilizer | Dhanuka |
| Finance | Mcx |
| Fmcg | Trent |
| Gold | Radhikajwe |
| Hotels | Indhotel |
| Infra | Industower |
| Insurance | Mediassist |
| IT | Ofss |
| Logistics | Aegislog |
| Mahindra Group | M&M |
| Media | PFocus |
| Metals | Vedl |
| Oil & Gas | Oil |
| Paper | Pudumjee |
| Pharma | Wockpharma |
| PSE | Bel |
| PSUBanks | Iob |
| PvtBanks | Icicibank |
| Railway | Rvnl |
| Realty | Purva |
| Reits | Embassy |
| Roads | Ashok |
| Shipping | Cochinship |
| Solar | Ina |
| Sugar | Eidparry |
| Tata Group | Trent |
| Telecom | Industower |
| Textile | Centurytex |
Stocks to focus
Trade / Invest
Considering an important next week, I would go slow with F&O and focus more on cash which has been working.
| TRADE / F&O | INVEST / CASH |
| Market | Get_D |
| Is | Ifbind |
| Currently | Mankind |
| Not | Mcx |
| Favorable | Wockpharma |
Your Job is to find ONE stock and handle it well.
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