If you want your children to be intelligent, read them fairy tales and If you want your children to be more intelligent, read them more fairy tales.


Global Markets

YTD Performance

It’s going to be a Merry X’mas for everyone…specially if you’re into crypto.

Market Breadth

New Highs / New Lows

We need to get into new high ground here to get into gear !

Nifty 500

The Market

We’re now in a buy on dips market.

Immediate support is of 50dma which is at 23000. We want the 50dma now turning up with the price to see further progress and turn this move into a bull run.


3-Macros

$₹ / Gold / Oil

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

USD/INR : we need this cooling off now…winter is coming !

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 : Realty, ConsumerDurables, Pharma

3M Basis : Psubank, IT, Finance


Top Investing ideas for next week

Icicibank

Daily chart

Hcltech

Daily chart

Naukri

Daily chart

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