Protect what you have, rather than what we expect to make first.
-Phantom of the Pit
Global Markets
YTD Performance
The flying…Dragon !
With most of the stock brokerages firm stocks hitting upper circuits in HK and China, there’s no stopping people who finally see some green since Covid.
Guess the after-math of Covid-19 got over in Oct‘24 for them.
Market Breadth
New Highs / New Lows
Market Breadth continues to weaken and we are barely above the threshold “zero line” below which we went in June’24 on election result day.
Keep playing safe, dont be over-leveraged, dont lose capital. Invest in low risk Cash stocks which have been working since Jan’24
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As long as we are above the zero line we’re in the safe zone.
Nifty 500
The Market
Hanging by a thread…probably khadi since its October.
Ultra-Bullish to people talking about emptying their long standing cash portfolios and mutual funds : this is what real trading looks like and market does to shake out weak ends.
We have 3 indicators to look at for support zone which if broken then there will be more pain :
- 50dma : instituition’s buying point : 23556
- Fib level : 50% support : 23411
- 5% drop from ATH : normal pullback : 23344
So, we are currently swinging between : 23550 and 23350
A break either side will define the further direction for the market.
Sectors
Performance
We compare YTD-RS vs 3M-RS to check sector rotation in market.
YTD Basis : Auto, ConsumerDurables, Pharma
3M Basis : Pharma,IT, Fmcg
Equity Investing : Top ideas for next week
Arihantcap
Weekly chart
BSE
Daily Chart
Infy
Weekly Chart
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