Risk comes from not knowing what you’re doing. 
– Warren Buffett

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Global Markets

YTD Performance

Europe is on the move, cease fire confirmed next week ?

Market Breadth

New Highs / New Lows

Market breadth is better but we need to quickly get into zone above zero for trades to show up.

Nifty 500

The Market

Market saw the oversold bounce this week.…the Trump factor will be in play from Monday.

We got to wait and sit tight till things start working for longs or shorts as CNX500 is currently in Stage 3 or what is generally the “money-losing” phase on both sides.

Its going to be a long wait till we are below the 40wma and the 10wma is sloping downwards.

Nothing good happens below the 200 so waiting for the repeat of Steps 1..2..3..

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3-Macros

$₹ / Gold / Oil

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

USD/INR : Sustaining at higher levels

Gold : confirmed uptrend HH/HL

Oil : sustaining breakout

Sectors

Performance

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

YTD Basis : Oil&Gas, Commodities, Infra

3M Basis : IT, Finance, Psubanks

Investing ideas for next week

It’s a tough market for equity right now but Crypto is making noise specially XRP, SOL and ADA but BTC rules !

Bitcoin

Weekly Chart

Good to add on some crypto !

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