Whenever you are in a position to help someone, Just do it and be glad, because God is answering someone’s prayers through you. So don’t think that anybody is using you but remember that you’re useful.

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Global Markets

YTD Performance

With US100 trying to reach ATHs to show Santaclaus is dashing through the snow, in a one-horse open sleigh….

…while DXY is making sure that global markets are sucked out off Dollar investments and the Dollar does a ghar-wapsi back to its home.

Market Breadth

New Highs / New Lows

We’re on a holiday now….broad market is still weak and things wont change till we’re above the zero line.

Nifty 500

The Market

Still holding the 200dma for the entire last week so selling by Institutions has stalled for now.

We are now in a consolidation zone of 575 points and it looks like market needs more time and a strong reason to go back up.

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3-Macros

$₹ / Gold / Oil

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

USD/INR : mass exodus of Dollar from India, a big tell on things to come

Gold : sideways

Oil : holding $65…sideways

Sectors

Performance

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

YTD Basis : Pharma, Realty, ConsumrDurables

3M Basis : IT, Pharma, PSUBanks

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