Stock trading is like Wu Wei, the art of not forcing trades.

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Global Markets

YTD Performance

Is Santa-Claus coming this year ??

We’re now in the last week of Dec’24 and friday’s action looks like a key reversal in US30 and US100 and atleast a pause to the downside for now.

Market Breadth

New Highs / New Lows

We’re below the zero line with Net of NH/NL at -7 and we need to turn from here to show there is still strength in the broader market.

3 days we live below and the new lows increase, we might have to take another week off – just like Diwali was a vacation, New Year might be a holiday.

Nifty 500

The Market

We’re back at the 200 and held it on friday…

Many confluences around this low of 22800 and reason to be bought into.

We broke the boundary like at 23000 but this is generally how bear traps are created to shake out the bulls : undercut and rally ??

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3-Macros

$₹ / Gold / Oil

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

USD/INR : we just saw an ATL and Trump is heating it up for all countries

Gold : sideways

Oil : holding $65…sideways

Sectors

Performance

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

YTD Basis : Realty, Pharma, ConsumrDurables

3M Basis : IT, PSUBanks, Pharma

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Top Investing ideas for next week

Maxhealth

Daily chart

Coromandel

Daily chart

Pageind

Daily chart

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