Positive pyramiding compounds, negative pyramiding discounts.
Global Markets
YTD Performance
Trump, Tariffs and Tantrums….7days/week (as per US media) – nonstop.
China takes-off on AI news….the green and the blue on the charts are HSI and China.
Rest of the world right now is at the mercy of Trump.
Monday should be interesting for indian markets with BJP crafting its win in Delhi, after 26 years.
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : Though making new ATHs, it is getting extended from 50dma !
Gold : base-breakout and in very strong Stage 2 uptrend
Oil : breaks the 50dma, in Stage 3 consolidation now.
The Market
CNX500
We are still in a descending channel since Sep’24 and in Stage 3 consolidation.
Clear trend change with the first higher low on 3/2/25 followed by a HH/HL now. The trend is intact unless we break : 21400
We now have an iH&S which is a classic bottoming out pattern.
Above 21800 we should see movement till we hit the 50dma resistance which is currently at 22200.
Nothing good happens below the 200 but the intra-day volatility is getting crazier and difficult to manage trades.
Market Breadth
New Highs / New Lows
Clear signal…don’t get fished and also fried !
Sectoral Analysis
Performance and RS
We compare YTD-RS vs 3M-RS to check sector rotation in market.
YTD Basis : Auto, Pvtbank, Finance
3M Basis : IT, Pvtbank, Finance
Industry Groups
Leadership / Strength
Momentum Leaders
YTD Leaders
Ai (Active Investing)
Top ideas for next week
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