Momentum trading is like surfing – catch the wave, but know when to exit before it crashes.
Global Markets
YTD Performance
China Tops and India bottoms…its country rotation for now !
$10bn gone in 2025 and we don’t know how much more will evaporate before our market stabilizes.
Time to look at other markets and / or asset classes for 2025 ?
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : was extended as mentioned in last report, topped out for now
Gold : got extended intra-week, needs a pullback
Oil : sideways
The Market
CNX500
Looks like the drop is never ending and we may see deeper correction as well but for now the target seems to be the bottom of 3/6/24… election result day low…19625
Nothing good happens below the 200…
Market Breadth
New Highs / New Lows
Stay out, stay in cash.
Sectoral Analysis
Performance and RS
We compare YTD-RS vs 3M-RS to check sector rotation in market.
YTD Basis : Pvtbank, Finance, Nifty
3M Basis : Finance, Pvtbank, IT
Industry Groups
Leadership / Strength
Momentum Leaders
YTD Leaders
Ai (Active Investing)
Ideas for next week
Hngsngbees
Monthly Chart
Aluminium
Monthly chart
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