What is success?

Not wanting anything that you don’t have.

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Global Markets

YTD Performance

We’re getting into momentum…globally

Indian market seems to be consolidating after an 850 point move in just 2 days. Sign is clear from here….thodi der lagegi 🙂

Ultimate support is now 23260.

Market Breadth

New Highs / New Lows

We’re above the zero line and sustaining…

Nifty 500

The Market

The gap-up is still holding and it held for 1 full week. That’s a good sign for the bulls.

Immediate resistance is 50dma at 23100 and immediate support is the gap.

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3-Macros

$₹ / Gold / Oil

We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil

USD/INR : a new ATH level….not a good sign !

Gold : consolidating below the 50dma

Oil : holding $65

Sectors

Performance

We compare YTD-RS vs 3M-RS to check sector rotation in market.

YTD Basis : Pharma, Realty, ConsumerDurables

3M Basis : Finance, IT, Pvtbanks

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Top Investing ideas for next week

PPLPharma

Daily chart

PCJeweller

Daily chart

Divislab

Daily chart

Hikal

Daily Chart

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• Protect profits
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• Capture large trends
• When to pull the handbrake?

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